Gold and silver prices declined again yesterday for the second straight day
following the ongoing development from Europe that produce news on an hourly
basis. Currently gold and silver prices are traded with moderate change. Today,
Chinas new loans report will be published along with Chinas M2 report, Great
Britain PPI and UoM U.S. consumer confidence report will become available. Here
is a market outlook of precious metals prices for today, November 11th: Gold and
Silver Prices – November Update Gold price sharply declined on Thursday by
1.79% to $1,759.6; silver price also declined by 0.74% to $34.11. The chart
below presents the development of gold and silver prices during November
(normalized gold and silver prices (October 31st 2011=100)). During the month,
gold price increased by 2.0% while silver price slightly declined by 0.7%. The
ratio between gold and silver prices slightly slipped on Thursday, November 10th
to 51.59. During November, gold price rose by a higher rate than silver price so
that the ratio inclined by 2.7%. The European Debt Crisis Update November 11th
The recent news for Italy was that European Central Bank started to purchase
Italian bonds. This news stabilized the markets yesterday as the Euro moderately
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