Gold and Silver Started off the Month Rising –Recap February 1

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DG365FD46564GFH654FU898 Natural gas prices started the month on a negative note as they have sharply declined again. Crude oil was also traded down during yesterday’s trading. On the other hand precious metals rallied from their slowdown as gold and silver prices increased on Wednesday. The Euro rallied from its decline on Tuesday and slightly appreciated yesterday against the U.S dollar; other exchange rates including the Australian dollar also rose. Here is a summary of the developments of precious metals and energy commodities for February 1st, 2012: Precious Metals: Gold price increased again on Wednesday by 0.52% to $1,749.5; Silver price also traded up by 1.52% to $33.81. During the week, gold rose by 0.8% and silver by 0.1%.