Gold & Silver Prices – Daily Outlook January 19

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DG365FD46564GFH654FU898 Gold and silver prices continued their upward trend as they have ended yesterday’s 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).