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Gold and Silver Outlook for November 11-15
The prices of gold and silver continued their downward trend last week. Their recent fall coincided with the strengthening of the US dollar against the Euro. In the U.S, the Non- farm payroll report was released and was better than anticipated: 204k jobs were added in October, which was even more impressive considering the government shutdown, which, according to some estimates, resulted in 130k jobs lost. This news reignited the speculations around the Fed’s next move and the progress of the U.S economy. Further, the US GDP grew by 2.8% during the third quarter, which was also better than expected. The other big ... (full story)