PRLog (Press Release) - Oct 27, 2011 -
The gold and silver marketplace heated up once more as gold and silver prices sharply inclined for that 3rd straight business day. WTI oil price dramatically rose, while Brent oil fell resulting in the gap in between the 2 energy prices shrinking, and natural gas prices inclined yesterday. Right here is really a summary of the price movements of precious metals and energy commodities for Oct 25th. Go to http://telecomadvisors.biz/silver-dollar-values.com for profitable investing ideas.

Gold price sharply elevated by 2.91% and arrived at $1,700 - the greatest price level since September 22nd; Silver price also rose by 4.45% to attain $33.05. Throughout Oct, gold price inclined by 4.8% and silver price elevated by 9.9%.

The Euro to US Dollar exchange price reasonably declined yesterday by 0.16% to 1.3908 - i.e. the USD appreciated in opposition to the Euro. Moreover, the USD appreciated in opposition to other currencies which include the AUD and CAD. Go to http://telecomadvisors.biz/silver-dollar-values.net for profitable investing ideas.

Gold and silver prices demonstrated throughout September one of the worst performance in current years. Following the sharp rally in gold price throughout August because it almost arrived at the $1,900 mark, gold price tumbled right down to beneath $1,600 mark, while silver price also followed and fell beneath the $30 mark. What had been the primary elements that contributed to those big falls in September?

These elements consist of the FOMC choice to buy long-term securities, the CME margin requirements hike on gold as well as silver contracts and also the shift of traders throughout the 2nd part of September far from conventional safe haven investments. In spite of the sharp falls in gold and silver prices, the high uncertainty in the monetary markets is nonetheless high vis-à-vis the speculations about the U.S. Economy's slowdown and also the financial debt crisis in Greece. So what's next for gold and silver prices in Oct 2011? Our thoughts are that now is a great time to make investments in gold as well as silver while the prices are still relatively cheap. Go to http://telecomadvisors.biz/www.silver-dollar-values.com for profitable investing ideas.