The precious metals market continues its comeback from the slow down it had during January.
During the week of 7th to 11th February, gold and silver prices showed strength at the beginning of the week, however slowed down at the second part of the week, after both precious metals inclined at the previous week. Lets see the main changes for these precious metals prices:
According to some analysts this ongoing rally in gold and silver is related to the uprise in Egypt.
Despite the recent upward trend during the last couple of weeks for both precious metals (silver and gold), its still early to figure if this is a shift in the downward that was during January.
Gold has inclined by 0.9% from beginning to end of the week; this weeks average price was 1,360 USD /t. oz a 1.4% increase compare to last weeks average weekly price of 1, 341 USD /t. oz.
Silver , even more than gold , has inclined by 2.22% from beginning to end of the week, and increased by 5.1% from this weeks average price of 30.28/$/t oz., compare to 28.55$/t oz. in the previous week.
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