Gold & Silver Prices – Daily Outlook October 6

Gold and silver continue to seek direction and ended yesterday moderately rising. The continuous rally the U.S. and Europe stock markets were probably driven from the recent bailout plans in the European markets that may have curbed the gains of gold and silver. Today, the European Central Bank interest rate decision will be announced, BOJ rate decision and U.S. Unemployment Claims report will be published.

Gold inclined on Wednesday by 0.75% to $1,628; silver also increased by 0.87% to $30.10. The chart below shows the development of gold and silver in recent weeks. During October gold slightly inclined by 0.4% and silver by 0.1%.

For the complete report of silver and gold prices forecast for October see here in Trading NRG

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