Gold and silver made a comeback as their prices sharply rose during most of last
week, which was the best performing week for the bullion market during February.
The news from the beginning of the week of EU ministers of finance approving the
bailout package for Greece brought back some confidence in the financial markets
including the forex and commodities markets. Not only gold and silver prices
rose during last week, but also the Euro, and crude oil were traded up. On the
other hand, the news of the slight increase in the U.S. home sales may have
curbed the rally of precious metals prices. By the end of week gold and silver
prices rose by 2.93% and 6.42%, respectively. Here is a short summary of the
changes in gold and silver prices during the week of February 20th to February
24th 2012:
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