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Gold Silver Prices Predictions may 23 2011 analysis

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Gold prices are likely to consolidate next week, holding within a range, as the market looks for further direction.

Silver prices remain volatile, but the tone toward the metal remains negative, especially as recent economic data suggests a possible slowing of industrial demand.

June gold futures on the Comex division of the New York Mercantile Exchange settled at $1,508.90 an ounce, up 1.024% on the week. July silver futures settled at $35.087 an ounce up 0.211% on the week.

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