Gold and silver prices continued their upward trend as they have ended
yesterdays trading with gains. France and Spain will commence their long term
bond sales in an attempt to raise as much as €9.5 billion and €4.5 billion
worth of debt, respectively. If this debt auction will go well, the Euro might
trade up today. Currently, gold and silver are traded up. Today, the following
reports will come out today: the U.S. core CPI, the ECB Monthly Bulletin, the
U.S. Housing Starts and building permits report, U.S. unemployment claims, and
Philly Fed manufacturing index. Here is a market outlook of precious metals
prices for today, January 19th: Gold and Silver Prices –January Update Gold
price rose on Wednesday by 0.26% and reached $1,659.9; silver price also
increased by 1.35% and reached $30.54. During January, gold price increased by
5.9% and silver price by 9.41%. In the chart below are the normalized gold and
silver prices (gold and silver prices are normalized to December 30th).
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