gold price forecast and outlook
The recent recovery of the U.S. dollar also led to a fall in commodities prices including oil, gold, copper and silver. Even though the market is more incline to believe the Fed will raise rates in December, it doesn’t seem…
Gold and silver prices took another hit after the latest NFP report showed a much better than expected growth in jobs of 271K – the market expected a gain of only 179K. This news reignited the belief that the Federal…
The NFP report was better than expected with a gain of 271K jobs and growth in wages of 2.5%. This report rekindled the belief of a possible rate hike by the Fed in December. On this week’s agenda: U.S. JOLTS,…
The FOMC didn’t raise rates this time, but heavily hinted of a possible liftoff in the December meeting. This news was enough to prompt selloffs of gold and silver. Even the GDP report, which showed a gain of only 1.5%,…
The Fed’s decision helped pull back up the U.S. dollar – as more people think the Fed may actually raise rates in December. But it’s far from certain and the latest GDP for Q3 shows the U.S. economic growth isn’t…
The ECB and PBOC aim to help stimulate their economies: The ECB by hinting of more QE to follow and PBOC by cutting rates again. For gold and silver, a stronger U.S. dollar, brings down their prices. And these decisions…
The ECB’s decision to heavily hint of more stimulus up ahead was enough to bring down the Euro. And soon after even POBC also upped its ante by reducing rates as well. Now this week the attention will move towards…
The U.S. dollar remains weak and keeps fueling the rise of gold and silver prices. Last week, the main economic reports from the U.S. were in general not encouraging: The core CPI grew to an annual rate of 1.9% —…
The U.S. dollar took another hit last week mainly against the Yen, Aussie dollar and British Pound. The depreciation of the USD provided some back-wind for commodities including oil and gold. This week, the main events include: ECB rate decision…
The gold and silver market, continued their rally from the previous week – following the weaker than expected NFP report. This time, the minutes of the FOMC didn’t offer any big headlines and updates about the Fed’s decision or the…