Gold and Silver Prices Outlook for January 2013

http://1goldinvestment.com/gold-and-silver-prices-outlook-for-january-2013/

Gold and Silver Prices Outlook for January 2013

Precious metals prices resumed their downward trend during December. This downward trend, however, was less related to the movement of the USD or the changes in other commodities prices and was plausibly related to other factors. These factors could include the changes in the supply/demand for gold, the speculations around the next move Paulson, and the change in market sentiment towards gold and silver (after all these metals haven’t perform well in the past couple of years). Several U.S reports showed signs of progress: the U.S GDP growth rate for Q3 2012 was revised up to 3.1%; non-farm payroll rose by 146 thousand in November. These reports may have contributed to the downward trend of precious metals during December. The U.S budget talks and the last attempts to avoid the fiscal cliff might affect the markets if there will be any last minute developments.

Read more: http://1goldinvestment.com/gold-and-silver-prices-outlook-for-january-2013/