Thursday, December 22, 2011

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

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DG365FD46564GFH654FU898 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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