Gold and Silver Report Tuesday 17th November 2009

17 November 2009 @ 07:57 am EDT

Similar to the oil market, it seems that we are seeing the same story, just on different days. The weakening USD continues to push Gold to new highs - the year chart below indicates what a spectacular rise we have seen of late. Many analysts will be looking to see if the price can break the psychological $1,150 level.

graph_117/11/09

 

Gold & Silver

METAL

LEVEL

CHANGE
GOLD

$1,131.60

+$0.90
SILVER

$18.14

-$0.18
     
     

Market News

- An industry report by the World Gold Council is due for release later on in the week

- US PPI will give us further evidence of the strength of the US economy

- Please note that volumes may decline as we head closer to the Thanksgiving holiday.

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