Thursday, January 12, 2012

Gold and Silver Continued to Trade up –Recap January 11

Gold and silver prices continued to rise even though other commodities prices
declined in yesterdays trading: crude oil prices changed direction and
moderately declined, and natural gas price took a dive and precipitately
decreased. Major currencies such as Euro and Canadian dollar depreciated against
the U.S dollar. Here is a summary of the price developments of precious metals
and energy commodities for January 11th, 2012: Precious Metals Prices: Gold
price moderately inclined on Wednesday by 0.50% to $1,639.60; Silver price also
moderately rose by 0.25% to reach $29.89. During January, gold price inclined by
4.6%, and silver price by 7.08%.

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