Gold and silver prices rallied from the sharp falls they had recorded during
most of the week and rose on the last business day of 2011. Crude oil prices on
the other hand changed direction and declined. Major currencies such as AUD
slightly appreciated against the U.S dollar, while the Euro remained nearly
unchanged against the U.S. dollar. Here is a summary of the price developments
of precious metals and energy commodities for December 30th the last trading day
of 2011: Precious Metals Prices: Gold price bounced back on Friday and rose by
1.68% to $1,566.80; Silver price also increased by 2.20% to reach $27.92. During
December, gold price declined by 10.5%, and silver price by 14.90%.
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