Gold and silver prices sharply fell on the last day of October after they had
risen during recent weeks. Today the FOMC meeting will commence; the statement
of the FOMC decisions followed by Bernankes press conference will be held
tomorrow. Currently gold and silver prices are traded down. Today, the U.S.
Manufacturing PMI report will be published and Great Britains GDP growth rate
report for Q3 2011. Here is a market outlook of precious metals prices for
today, November 1st: Gold and Silver Prices – October Update Gold price
sharply fell on Monday by 1.26% to $1,725.2; silver price also declined by 2.65%
to $34.35. The chart below shows the changes in gold and silver prices during
October (normalized gold and silver prices (September 30th 2011=100)). During
October, gold price increased by 6.3% and silver prices by 14.2%. The ratio
between gold and silver prices rose on Monday, October 31st to 50.22. During
October, silver price inclined by a slightly larger rate than gold price as the
ratio slipped by 6.9%. On Todays Agenda: U.S. ISM Manufacturing PMI: This report
will present the change in manufacturing sector on a national level during
October. In September the index grew
No comments:
Post a Comment