Wednesday, December 14, 2011

Silver and Oil Rallied From Monday’s fall –Recap December 13

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DG365FD46564GFH654FU898 Following the recent FOMC meeting in which there was no news of another stimulus plan many currencies sharply declined against the US dollar; major commodities were traded with mixed trends: Gold price slightly declined while silver price moderately rose; crude oil prices bounced back and sharply rose; natural gas spot prices (Henry Hub) slightly slipped. Major currencies such as Euro and CAD depreciated again against the US dollar. Here is a summary of the price developments of precious metals and energy commodities for December 13th: Precious Metals Prices: Gold price slightly declined on Tuesday by 0.31% and reached $1,663.40; Silver price on the other hand sharply rose by 0.83% to reach $31.26. During December, gold price declined by 5.0%, and silver price by 4.71%.



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