Gold and silver prices recorded last week one of the worst weekly performances
in 2011. Will this week continue the sharp declines in precious metals prices,
or will they recover during this week. The major news item came today from North
Korea as Kim Jong-Il died over the weekend. How if any will this news may affect
gold and silver prices? Today, the ECB President will give a speech, and
Australias Central Bank will have a monetary policy meeting and rate decision.
Currently gold and silver are traded up. Here is a market outlook of precious
metals prices for today, December 19th: Gold and Silver Prices –December
Update Gold price rallied on Friday by 1.31% to $1,597.9; silver price also rose
by 1.36% to $29.27. The chart below shows the changes of gold and silver prices
during the month (normalized gold and silver prices to November 30th 2011).
During December gold price dropped by 8.7% and silver price by 9.6%. The ratio
between gold and silver prices nearly didnt change on Friday, December 16th and
reached 53.85. During the month the ratio slightly rose by 0.9% as gold price
moderately outperformed silver price.
No comments:
Post a Comment