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DG365FD46564GFH654FU898 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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