Gold and silver prices started the first trading day of 2012 with very sharp
gains. These gains were not only in commodities markets, but also in the
American stock markets. It seems that the recent positive reports on the growth
in the manufacturing sectors in the U.S. and China helped push up the financial
markets. The January effect may have also played a role in this rally.
Currently, gold and silver are traded up. Today, the Euro Area Annual Inflation
report will be published, U.S. Factory Orders and the Australian Trade Balance
report. Here is a market outlook of precious metals prices for today, January
4th: Gold and Silver Prices –January Update Gold price sharply rose on Tuesday
by 2.15% to $1,600.5; silver price also followed and sharply inclined by 5.94%
to reach $29.57. In the chart below are the normalized gold and silver prices
during the past couple of weeks (normalized gold and silver prices to December
14th 2011). During December gold price decreased by 10.5% and silver price by
14.9%. The ratio between gold and silver prices sharply fell on Tuesday, January
3rd and reached 54.12. During the past couple of weeks the ratio slightly
slipped by 1.3%
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