XCSFDHG46767FHJHJF
DG365FD46564GFH654FU898 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 Australia’s 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 didn’t 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