Gold and silver prices started the week falling despite the gains recorded in
the stock markets and the moderate increase in Euro and AUD against the USD.
Will S&P downgrade the Euro Zone countries credit rating? How, if any will this
news affect gold and silver prices? Today, the Germanys Factory orders report
will be published, Australias GDP report for the third quarter and BOC will
announce Canadas overnight rate decision. Here is a market outlook of precious
metals prices for today, December 6th: Gold and Silver Prices –Update Gold
price declined on Monday by 0.96% to $1,734.5; silver price also declined by
0.96% to $32.37. The chart herein presents the changes of gold and silver prices
in the past few weeks (normalized gold and silver prices to November 17th 2011).
During December gold price slightly declined by 0.9% and silver price by 1.3%.
The ratio between gold and silver prices remained unchanged on Monday, December
5th at 53.58. During the month the ratio slightly rose by 0.4% as gold price
slightly outperformed silver price. S&P May Downgrade Germany and Frances Credit
Rating This announced should surprise the financial markets: the leading rating
agency Standard and Poors threatens
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