Gold and Silver Prices Ended the Week Falling –Recap February 3

Gold and silver prices changed direction on last day of the week and were traded
down. Crude oil (WTI) price also shifted gear and bounce back from its downward
trend of past days. These shifts may have been stem, in part, from the recent US
non-farm payroll report, which showed an increase of 243 thousand in January.
Natural gas future price declined yesterday. The Euro and many other currencies
slightly rose yesterday against the U.S dollar. Here is a summary of the
developments of precious metals and energy commodities for February 3rd, 2012:
Precious Metals: Gold price declined on Friday by 1.08% to $1,740.3; Silver
price also traded down by 1.25% to $33.75. During the week, gold rose by 0.3%
and silver fell by 0.1%.