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Gold & Silver Prices | Weekly Recap 10-14 October

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by , 10-16-2011 at 05:36 AM (572 Views)
Gold and silver continue to seek direction and zigzagged throughout most of the week; eventually gold and silver prices slightly inclined on a weekly scales. The U.S. retails sales report that showed a rise in September may have helped the US stock markets rally along with major commodities prices'. The minutes of the last FOMC meeting was published last week and showed the FOMC members' grim outlook of the US economy, but also the possibility of an additional stimulus plan in the near future. This news may have also affected precious metals' traders during last week. The ongoing speculation around the European debt crisis continues to pull the markets in different directions and also may have influenced gold and silver traders throughout the week.

For the complete analysis on gold and silver prices weekly recap see here in Trading NRG

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