Gold and silver prices continued to rally and moderately inclined yesterday. The
news from Greece and Italy continues to pour in but doesnt seem to have much of
an effect on the commodities and forex markets (for the time being). Currently
gold and silver prices are traded down. Today, Australia employment report will
be published, and Chairman of the Federal Ben Bernanke Speaks. Here is a market
outlook of precious metals prices for today, November 88th: Gold and Silver
Prices – November Update Gold price moderately rose on Tuesday by 0.45% to
$1,799.2 – the highest price level since September 21st; silver price also
inclined by 0.93% to $35.15. The chart below shows the development of gold and
silver prices during the month (normalized gold and silver prices (October 31st
2011=100)). During November, gold price increased by 4.3% and silver price rose
by 2.3%. The ratio between gold and silver prices slightly slipped again on
Tuesday, November 8th to 51.18. During November, gold price rose by a higher
rate than silver price so that the ratio inclined by 1.9%. The chart below shows
the developed of this ratio during November.
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