Gold & Silver - Daily Outlook November 16

Gold and silver continue to shift with no clear direction as they slightly inclined yesterday, after they had moderately fell a day earlier. The European debt crisis continues to influence traders, resulting in the unclear path of precious metals in recent days. Today there are many items on the agenda including Euro Area CPI, American CPI and U.S. Long Term Treasuries Purchases.

 

For the complete report silver price and gold price outlook for November 16th see here in Trading NRG

 

Gold slightly rose on Tuesday by 0.21% to $1,782.2; silver also inclined by 1.27% to $34.46. In the chart below are the changes in gold and silver during the month (normalized gold and silver to October 31st 2011). 


 

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Tags: EUR/USD, gold, silver

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