Saturday, November 5, 2011

Gold & Silver Prices | Weekly Recap 31 Oct – 4 Nov

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DG365FD46564GFH654FU898 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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