Thursday, December 22, 2011

Gold and Silver Changed Direction Again and Slipped –Recap December 21

Gold and silver prices continue to zigzag and after they had inclined on
Tuesday, yesterday they changed direction and moderately declined; Crude oil
prices on the other hand continued to rally; natural gas (Henry Hub) spot price
also changed direction and decreased yesterday. Major currencies were traded at
mixed trend with the Euro falling against the US dollar, while the Australian
dollar and Canadian dollar slightly rising against the U.S dollar. Here is a
summary of the price developments of precious metals and energy commodities for
December 21st: Precious Metals Prices: Gold price slightly decreased on
Wednesday by 0.25% and reached $1,613.60; Silver price also decreased by 0.97%
to reach $29.25. During December, gold price declined by 7.8%, and silver price
by 10.84%.

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