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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