Saturday, October 1, 2011

Gold & Silver Prices | Weekly Recap 26-30 September

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DG365FD46564GFH654FU898 Gold and silver prices eased down and even slightly inclined on the closing week of September after they had endured one of their worst weeks (in regards to their performance) a week earlier. On the closing week of September the bullion market didn’t make any substantial comeback, as gold and silver just held to their low prices. The effect of the CME margin hike and the FOMC purchase plan from two weeks back still seems to resonate in the precious metals’ market. The recent talks among European policymakers to expand the bailout plan may have helped the recovery of the US and European stock markets during most of the week, and appreciating the Euro against the USD until the last day of the week. These events, however seem to have had little effect on the bullion market during the week.



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