Gold & Silver Prices – Daily Outlook December 1

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DG365FD46564GFH654FU898 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 Fed’s 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 tomorrow’s 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.