Thursday, December 22, 2011

Gold & Silver Prices – Daily Outlook December 23

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DG365FD46564GFH654FU898 Gold and silver prices slightly declined yesterday for the second consecutive day, even though other commodities prices such as crude oil prices inclined and American stock markets moderately rose on Thursday. Currently, gold and silver are traded slightly up. Today, the U.S. new home sales report will be published, the U.S. core durable goods and Canadian GDO by Industry report. Here is a market outlook of precious metals prices for today, December 23rd: Gold and Silver Prices –December Update Gold price slightly declined on Thursday by 0.19% to $1,610.6; silver price also declined by 0.69% to $29.05. 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 decreased by 8.0% and silver price by 11.5%. The ratio between gold and silver prices slightly rose on Thursday, December 22nd and reached 55.45. During the month the ratio gained 3.9% as gold price has outperformed silver price. U.S. Initial Claims Declined Last Week According to the recent U.S. jobless claims weekly report, initial claims of 4,000 for the week ending on December 17th; to reach 364,000 claims (seasonally adjusted data); the insured unemployment rate also declined



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