Friday, February 10, 2012

Gold & Silver Prices – Daily Outlook February 10

Precious metals prices continue to zigzag with no clear trend as they have
rallied yesterday from Wednesdays falls. The news from Greece of approving the
recent austerity plan didnt impress traders as the Euro only slightly rose on
Thursday. ECB left the interest rate unchanged at 1%; ECB President voiced his
concern over the economic outlook of EU and the debt crisis. Currently gold and
silver prices are moderately falling. These are many news items on todays agenda
including: Great Britain PPI, Canadian Trade Balance report, U.S. Federal Budget
Balance, American Trade Balance monthly report, and Bernankes Speech.

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