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DG365FD46564GFH654FU898 Gold and silver prices continue to slowly incline even if they zigzag along the way up. The recent rally in the American and European stock markets as some of the confidence among traders was restored even for a short while may have helped the rally of major commodities including gold , silver and crude oil. Currently gold and silver prices changed direction again and are traded slightly up. Today, Australia’s Central Bank will have a monetary policy meeting, and China’ GDP for Q3 2011 will be published. Here is a market outlook of precious metals prices for today, October 17th: Gold and Silver Prices – October Update Gold price slightly inclined on Friday by 0.87% to $1,683.0; silver price also increased by 1.60% to $32.17. The chart below shows the development of gold and silver prices in October (normalized gold and silver prices (September 30th 2011=100)). During the month, gold price inclined by 3.7%, and silver prices by 6.9%. The ratio between gold and silver prices increased on Friday, October 14th to 52.31. During October, silver price inclined by a slightly larger rate than gold price as the ratio decreased by 3.0%. The recent slow paced upward trend in
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