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DG365FD46564GFH654FU898 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 Japan’s 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 Australia’s 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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