Gold & Silver Prices - Daily Outlook January 4

Gold and silver started the first trading day of 2012 with very sharp gains. These gains were not only in commodities markets, but also in the American stock markets. It seems that the recent positive reports on the growth in the manufacturing sectors in the U.S. and China helped push up the financial markets. The January effect may have also played a role in this rally. Today, the Euro Area Annual Inflation report will be published, U.S. Factory Orders and the Australian Trade Balance report.

For the complete daily gold prices and silver prices forecast for January 4th sees here in Trading NRG

 Gold sharply rose on Tuesday by 2.15% to $1,600.5; silver also followed and sharply inclined by 5.94% to reach $29.57.

U.S. PMI Manufacturing Index Rose to 53.9%

According to the recent U.S. Manufacturing ISM report the U.S. Manufacturing PMI growth rate inclined from 52.7% in November to 53.9% in December. This means that the U.S. manufacturing sector is growing at a higher pace in December compared to November. This news may have helped push up major commodities prices along with the American stock markets. 

For further reading:

Gold and Silver Prices Weekly Outlook for January 2-6

Weekly Outlook for 2-6 January

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