Gold & Silver - Daily Outlook August 29

Gold and silver acted very unstable during last week as they sharply fell on Wednesday following the recent CME margin hike on gold trading, but soon after they have rallied. What is next for gold and silver this week? Today, the current president of ECB - Trichet will give a speech; the U.S. pending home sales will be published.
For the complete report on gold and silver prices outlook

Gold and silver finished the week on a rise: Gold rose on Friday by 1.93% to $1,797; silver also inclined by 0.51% to $41.00. During August, gold increased by 10.2%, and silver by 2.2%. The chart below shows the development of the normalized gold and silver (July 29th 2011=100) during August.

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