Gold and silver prices started the first week of 2012 with very sharp gains that
were recorded in other commodities prices such as crude oil prices. The rest of
the financial markets also recorded sharp gains including the U.S. stock
markets; major currencies such as AUD and Euro also sharply appreciated against
the U.S dollar. Here is a summary of the price developments of precious metals
and energy commodities for January 3rd the first trading day of 2012: Precious
Metals Prices: Gold price sharply rose on Tuesday by 2.15% to $1,600.50; Silver
price also increased by 5.94% to reach $29.57. During December, gold price
declined by 10.5%, and silver price by 14.90%.
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