Saturday, February 4, 2012

Gold & Silver Prices | Weekly Recap 30 January – 3 February

Gold and silver prices didnt do much during last week as they have started off
with slight gains that were lost by the end of it. I suspect the recent non-farm
payroll report, which showed a rise of 243,000 in employment, may have been
among the factors to pull down precious metals prices on Friday. This report may
have cooled down the speculative mode the metals market has been during January
especially following the recent FOMC decision to keep rates low until 2014.

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