Precious Metals get ready for a Hectic Day in Financial Markets
Fundamental Precious Metals (2009-11-06)
06 November 2009 @ 10:33 am EDT
Precious Metals get ready for a Hectic Day in Financial Markets
Precious metals began trading with a bullish lean throughout the Asian session today; awaiting U.S. jobs data that are to be released today. The U.S. economy seems to be showing some recovery signs, where it managed to show its first steps into exiting the technical recession, as the economy expanded by 3.5% in the third quarter. However, growth achieved in the U.S. economy was not accompanied by stabilization of unemployment rates or inflation levels, which had us revisiting last centuries' 1980s memories; when unemployment rates caused the downfall of the U.S. economy due to the deep recession at the time, after it was able to show some signs of growth when it began exiting the recession in the beginning of the 80's. (click here for information about the 80's economic recession).
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