Gold & Silver Prices | Weekly Recap 9-13 January

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DG365FD46564GFH654FU898 Gold and silver prices continued to recover from the downward trend of December and presented strong numbers during the first couple of weeks of 2012. The ECB’s decision to keep the Euro interest rate unchanged may have helped keep the Euro strong against the US dollar during the week and consequently may have contributed to the rally of gold price and silver price. But by the end of week the announcement of S&P cutting the credit rating of France to AA+ dragged down the Euro along with commodities prices.