(Best Syndication News) In Asia and the United States oil, gold and silver prices advanced while the dollar flip-flopped throughout the day (see all our charts below). Stock prices in the United States were higher on Thursday as investors turned their attention to precious metals. Precious Metals Equities have been gaining over the last three days and on Thursday investors began their profit-taking. December gold on the COMEX settled $5.90 higher (+0.34%) to $1,763.20 per troy ounce (see survey #2 settle price chart below). Over the last week the price of gold is down 3.23 percent. “The worldwide increase in demand, relative diminishment of supply and debasement of paper currency all point to gold trending higher for the eleventh straight year,” Michael Fuljenz of Universal Coin & Bullion in Beaumont, Texas tells Best Syndication News. “Anyone who says otherwise is probably 0-11 years for the 21st century on gold predictions and sells a different financial product”. Silver also advanced Thursday, up $1.58 (+4.04%) to $40.74 per troy ounce. The two precious metals advanced on the Tokyo Commodity Exchange (TOCOM). Gold was up 37 yen (+0.85%) to ¥4,407 per gram (see the TOCOM chart below). Silver climbed 4.51 percent. See our dollar/ounce conversions below. See the charts below for platinum and palladium prices. Energy Prices Despite lower equity prices, crude oil advanced in the United States and Asia. Futures investors will be listening to Ben Bernake Friday for a hint to the Fed’s direction. The Federal Reserve Chairman is expected to discuss the central bank’s plan to purchase longer-term assets rather than initiating a third round of quantitative easing (QE3). October light sweet crude (WTI) on the New York Mercantile Exchange (NYMEX) advanced 14 cents (+0.16%) to $85.30 a barrel. Since the settle, the product is down 50 cents. Brent Crude on the Intercontinental Exchange was up 84 cents (+0.77%) to $110.15 a barrel. Currency Exchange Rates The U.S. dollar gained early versus the yen and euro (see average forex chart below). The dollar (USD) was up 0.02 percent vs the euro (EUR), 0.48 percent vs the yen (JPY) and 0.46 percent vs the British pound sterling (GBP). The green back declined 0.42 percent versus the Aussie (AUD), 0.29 percent vs the Swiss franc (CHF) and 0.10 percent vs the Canadian dollar (CAD). Later in the day the dollar fell vs the yen and euro (see intraday chart below). The Swiss franc gained versus all of the major world currencies with the exception of the Australian dollar (see cross tables below). The pound sterling, the Japanese yen and the euro were among the decliners.

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