Wednesday, February 8, 2012

Silver and Gold Prices Changed Direction and Fell –Recap February 8

The market didnt do much during yesterday trading as WTI oil price slightly rose
and Brent oil moderately declined; gold and silver prices continued to zigzag as
they have been during this week; yesterday they have changed direction again and
decreased; natural gas prices continued their downward trend. The Euro didnt
move much yesterday against the USD, while other major currencies slightly
depreciated against the U.S dollar. Here is a summary of the developments of
precious metals and energy commodities for February 8th, 2012: Precious Metals:
Gold price decreased on Wednesday by 0.98% to $1,731.3; Silver price also fell
by 1.43% and reached $33.70. During February, gold decreased by 0.5% while
silver rose by 1.33%.

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