Gold and silver prices bounced back on Friday after they had recorded falls in
the previous two days. There are new developments from Europe that may affect
the bullion market and Japans GDP grew in the third quarter by 1.5%. Currently
gold and silver prices are traded with moderate changes. Today, the statement of
the recent Bank of Australias Monetary Policy Meeting will become available.
Here is a market outlook of precious metals prices for today, November 14th:
Gold and Silver Prices – November Update Gold price sharply inclined on Friday
by 1.69% to $1,788.1; silver price also inclined by 1.69% to $34.68. The chart
below presents the development of gold and silver prices in recent month
(normalized gold and silver prices to October 31st 2011). During November, gold
price increased by 3.6%, and silver price slightly rose by 1.0%. The ratio
between gold and silver prices remained nearly unchanged on Friday, November
11th to 51.56. During November, gold price rose by a higher rate than silver
price so that the ratio inclined by 2.7%. Despite the differences in the
development of gold price and silver price throughout the month, there is still
a strong correlation between the
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