Friday, February 10, 2012

Gold and Silver Prices Bounced Back on Thursday–Recap February 9

The bullion market continues to zigzag as gold and silver prices rose on
Thursday after they had declined on Wednesday. Crude oil prices also rose during
yesterdays trading; natural gas prices shifted from their recent downward trend
and also finished the day in the green. The Euro slightly appreciated against
the USD, while other major currencies (AUD and YEN) depreciated against the U.S
dollar. Here is a summary of the developments of precious metals and energy
commodities for February 9th, 2012: Precious Metals: Gold price rose on Thursday
by 1.14% to $1,741.2; Silver price also increased by 0.63% and reached $33.92.
During February, gold remained flat while silver rose by 1.97%.

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