Friday, February 10, 2012

Gold & Silver Prices – Daily Outlook February 10

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DG365FD46564GFH654FU898 Precious metals prices continue to zigzag with no clear trend as they have rallied yesterday from Wednesday’s falls. The news from Greece of approving the recent austerity plan didn’t 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 today’s agenda including: Great Britain PPI, Canadian Trade Balance report, U.S. Federal Budget Balance, American Trade Balance monthly report, and Bernanke’s Speech.



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