Gold and silver rose again in yesterday's trading despite the drop in the other commodities such as oil and the depreciation of the Euro against the USD. Today there is the ECB rate decision which might have a substantial effect on the forex markets. Today, Great Britain Manufacturing Production will be published, Great Britain's rate decision will be made, ECB will announce the interest rate for January, the weekly update U.S. unemployment claims will come out and U.S retail sales monthly report will be published.
Gold moderately rose on Wednesday by 0.50% to $1,639.6; silver also rose by 0.25% to reach $29.89. In the chart below are the normalized gold and silver (gold and silver are normalized to December 30th). During January, gold rose by 4.6% and silver by 7.08%.
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