Trade FOREX with FXCM

  • Award-Winning Platform
  • 24/7 Customer Support
  • Trade Directly on Charts
  • Free $50K Practice Account
View RSS Feed

lior

Gold & Silver - Daily Outlook 8 July

Rate this Entry
by , 07-08-2011 at 10:02 AM (1171 Views)
Gold and silver continued their rally for the third straight day and they currently traded up; this rise is despite the recent news of ECB's rate decision from yesterday to raise its interest rate to 1.5%. Today, the U.S. labor report was published and showed very little improvement, how, if any, will it affect the bullion metals market?
Let's examine the news of the day related to the precious metals market for today July 8th:

For the complete report of gold and silver price outlook see here
Gold and silver–July

Gold price inclined on Thursday, July 7th by 0.09% to $1,530 – its highest price level since June 22nd.
Silver price also inclined yesterday by 1.51% to $36.46 – the highest price also since June 22nd.
During July, gold price increased by 1.8%, and silver price inclined by 3.1%.

The chart below shows the normalized gold and silver (May 31st 2011=100). It shows that gold is very close to its price level back in the end of May; silver is climbing very sharply in recent days, but is still well below its price level back in May 31st.



For the complete report of gold and silver price outlook see here
Gold and silver–July
Tags: gold, silver
Categories
Uncategorized

Comments

  <   May 2013    
Su Mo Tu We Th Fr Sa
21 22 23 24 25 26 27
28 29 30 1 2 3 4
5 6 7 8 9 10 11
12 13 14 15 16 17 18
19 20 21 22 23 24 25
26 27 28 29 30 31 1
Disclaimer: Trading foreign exchange on margin carries a high level of risk, and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to trade foreign exchange you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with foreign exchange trading, and seek advice from an independent financial advisor if you have any doubts. Any opinions, news, research, analyses, prices, or other information contained on this website is provided as general market commentary and does not constitute investment advice. Forex Capital Markets LLC. will not accept liability for any loss or damage, including without limitation to, any loss of profit, which may arise directly or indirectly from use of or reliance on such information.