Friday, February 24, 2012

Gold and Silver Continued their Rally –Recap February 23

Many commodities prices continued their rally trend: crude oil prices sharply
increased; gold and silver also sharply rose; natural gas future price slipped
yesterday. The Euro sharply appreciated against the US Dollar along with other
major currencies (Canadian dollar) against the U.S dollar. Here is a summary of
the developments of precious metals and energy commodities for February 23rd,
2012: Precious Metals: Gold price increased again on Thursday by 0.85% to
$1,786.3; Silver price also sharply rose by 3.81% and reached $35.64. During
February, gold increased by 2.6% and silver by 7.14%.

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