Tuesday, February 7, 2012

Gold & Silver Prices – Daily Outlook February 8

The market has changed direction again as major commodities and currencies
rallied from Mondays falls. Gold and silver prices started off the day falling
but soon after they had changed direction and finished the day in the green. The
positive news coming from Greece of a possible agreement on a bailout package
might have helped rally precious metals prices and the Euro. From the other side
of the globe, Chairman of the Federal Reserve stated in his testimony the perils
the U.S. economy is facing including cutting the budget deficit and reaching
full employment. These news items may have helped pushing up gold and silver up.
Currently gold and silver prices are moderately rising. Today, Chinas consumer
price index will come out.

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