Wednesday, November 23, 2011

Gold and Silver Changed Direction and Fell–Recap November 23

Gold and silver prices, much like may other commodities prices, continue to
zigzag with no clear direction; yesterday gold and silver prices moderately
declined. Other commodities prices also decreased yesterday: Crude oil prices
including Brent oil and WTI oil prices declined; natural gas spot prices also
sharply decreased on Wednesday. Many currencies including Euro and Australian
dollar sharply depreciated against the US dollar. Here is a summary of the price
movements of precious metals and energy commodities for November 23rd: Precious
Metals Prices: Gold price slightly fell yesterday by 0.21% and reached
$1,698.80; Silver price also declined by 3.23% to reach $31.96. During November,
gold price fell by 1.5%, and silver price decreased by 6.96%.

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