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DG365FD46564GFH654FU898 Gold and silver prices changed direction and moderately declined yesterday, even though other commodities prices such as crude oil prices rose on Wednesday. Currently, gold and silver prices are slightly rising. Today, the U.S. final Q3 GDP will be published, GB’s GDP of third quarter and U.S. Unemployment Claims. Here is a market outlook of precious metals prices for today, December 22nd: Gold and Silver Prices –December Update Gold price slightly slipped on Wednesday by 0.25% to $1,613.6; silver price also declined by 0.97% to $29.25. The chart below shows the downward trend of gold and silver prices during most of December (normalized gold and silver prices to November 30th 2011). During December gold price decreased by 7.8% and silver price by 10.8%. The ratio between gold and silver prices slightly declined on Wednesday, December 21st and reached 55.17. During the month the ratio gained 3.4% as gold price has outperformed silver price. The correlation between gold price and silver price is still high in December as it was in previous months. U.S Existing Home Sales Rose in November The U.S existing homes sales slightly rose in November by 4%; this news coincides with the recent sharp gains in the
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