Gold and silver prices shifted from the high gains they had recorded on the last
week of October as they have started the first week of November with no clear
trend. The concerns revolving the future of Greece in the European Union shook
the financial markets and may have also affected the precious metals market. The
news of a 0.25 percent point reduction of the ECB rate on Thursday and the
positive U.S employment report that was released on Friday may have helped gold
and silver prices zigzag during the second half of the week. Gold price ended
the week slightly above its starting point, while silver price ended moderately
below its initial price level.
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