Gold and silver fell again for the third straight day. The talks over the debt ceiling raise in the US continue with no agreement in sight. Today, the Core CPI of Canada will be published.
Let's examine the precious metals market for today, July 22nd:
Gold declined for the third straight day, yesterday July 21st by 0.62% to $1,587.
Silver also declined by 1.54% to $38.95.
During July, gold increased by 5.6%, and silver inclined by 11.8%.
The chart below shows the normalized gold and silver (June 30th 2011=100).
The ratio between gold and silver shifted direction again: after it fell during recent weeks, it started to pick up again due to the sharper falls of silver over gold. During July silver has outperformed gold price as the ratio fell by 5.6%. Yesterday the ratio rose by 0.9% on Thursday, July 21st to 40.75.
source
http://www.dailyfx.com
Let's examine the precious metals market for today, July 22nd:
Gold declined for the third straight day, yesterday July 21st by 0.62% to $1,587.
Silver also declined by 1.54% to $38.95.
During July, gold increased by 5.6%, and silver inclined by 11.8%.
The chart below shows the normalized gold and silver (June 30th 2011=100).
The ratio between gold and silver shifted direction again: after it fell during recent weeks, it started to pick up again due to the sharper falls of silver over gold. During July silver has outperformed gold price as the ratio fell by 5.6%. Yesterday the ratio rose by 0.9% on Thursday, July 21st to 40.75.source
http://www.dailyfx.com
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