Gold and silver prices ended November on a positive note as they have sharply
inclined along with the rest of the financial markets. The news from Europe on
the Feds reduction of interest rates on USD loans to EU banks helped rally the
markets. The U.S. pending home sales showed a sharp improvement and may have
also helped the push up in the markets. ADP estimated the U.S. non-farm payroll
increased by 206k in November. If this will turn out to be true in tomorrows
U.S. non-farm report it could further rally the markets and also affect gold and
silver prices. Today the U.S ISM Manufacturing PMI report will be published, and
the U.S. Unemployment Claims report. Currently, gold and silver are traded
moderately changes.
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