Gold and silver prices started the last week of the year with moderate falls.
Will this slow crawl down of precious metals prices continue this week?
Currently, gold and silver are traded moderately down. Today, the KOF Economic
Barometer report will be published. Here is a market outlook of precious metals
prices for today, December 28th: Gold and Silver Prices –December Update Gold
price slightly declined on Monday by 0.65% to $1,595.5; silver price on the
other hand slightly declined by 1.18% to $28.74. The chart below shows the
development of gold and silver prices during December (normalized gold and
silver prices to November 30th 2011). During December gold price declined by
8.8% and silver price by 12.4%. The ratio between gold and silver prices
slightly rose on Monday, December 27th and reached 55.51. During the month the
ratio gained 4.0% as gold price has outperformed silver price. U.S. Consumer
Confidence Rose in December According to the recent U.S. survey, the consumer
confidence index inclined from 55.2 (1985=100) in November to 64.5 December.
American consumers short term outlook in U.S. business conditions has also
improved according to the report. This mews may have been among the factors to
pull up
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