Thursday, November 24, 2011

Gold and Silver Changed Direction and Fell–Recap November 23

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DG365FD46564GFH654FU898 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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