Gold and Silver Prices Weekly Outlook for January 16-20

Here is a weekly recap for gold and silver prices for the second week of 2011, the week of January 9th to January 13th including changes in prices, chart analysis and highlighting the main news that may have affected gold and silver prices to further rise during last week. The recent ECB rate decision to keep the interest rate unchanged may have contributed to the rally of gold and silver prices. But by the end of week the announcement of S&P cutting the credit rating of France to AA+ pulled down the Euro along with precious metals prices.

The video link above also includes a quick forecast for gold and silver prices for the third week of the year – the week of January 16th to January 20th including the main reports and news items that may affect gold and silver prices during the week. Some of these reports include: ECB’s President speech, U.S. housing starts, China’s GDP growth rate, U.S. existing home sales report, the U.S. PPI and CPI, Euro Area Consumer price index and the U.S. unemployment claims weekly update (just to name a few).

For further reading: