gold price forecast and outlook
Last week continued the high volatility following the recent FOMC policy meeting and US’s GDP fourth quarter release. This week is also entails important financial reports from the US most notably the non-farm payroll, manufacturing PMI, PCE, and factory orders…
The Greek elections from the weekend could bring the Greeks one step closer to exit the EU, which may stir up the markets mainly the Euro. The result of the recent QE program announcement of ECB and BOC’s rate cut…
The highly anticipated Greek elections will be held on Sunday and could set the pace for this week in the markets. In the U.S. several economic reports will be released including: first estimate of GDP for Q4, FOMC meeting statement,…
The big news from the Swiss National Bank to stop pegging its currency to the Euro has shocked the foreign exchange markets. Some analysts have also linked this move to the recent recovery of gold including SPDR Gold Trust (GLD).…
The big news from SNB eclipsed all other news items from last week as the Swiss franc sharply rose against leading currencies including the Euro and U.S. dollar. This news may have also provided additional backwind for commodities such as…
SPDR Gold Trust (GLD) started off 2015 with a 3% gain, which basically erased the losses incurred in the last three week of 2014. The recent recovery in the price of gold was partly related to the depreciation of the…
Gold and silver kicked off the year on a positive note as both precious metals rallied during last week. The release of the minutes of the FOMC meeting from December didn’t seem to have a strong adverse impact on bullion…
The last NFP payroll report didn’t cause too many waves in the markets as it showed a 252K gain in jobs in December – inline with market expectations. Moreover, the recent minutes of the FOMC meeting also didn’t stir up…
The prices of gold and silver took another tumble to end the year on a negative note. This week will the first full working week of 2015 that is likely to see a rise in volatility. This week the main…
The first full week of 2015 is upon us and the markets are likely to heat up from their holiday slumber. The main news headlines from the U.S. including minutes of the recent FOMC meeting and the NF payroll report.…