gold price forecast and outlook
The tumble in gold and silver came following the announcement of the FOMC to end QE3 and hawkish statement. The U.S. GDP for the third quarter also provided some backwind for the U.S. dollar and dragged down bullion prices. Finally,…
The high volatility in the market following the FOMC and BOJ’s monetary policy meetings from last week could remain in the coming week. The main events of the week in the U.S. include NF payroll report, manufacturing PMI, factory orders…
The recent recovery of the U.S. dollar along with the rally of U.S. equities provided the proper climate to see gold and silver fall down. Moreover, the latest interview given by Bullard gave the necessary excuse to keep the speculations…
Major commodities including gold, silver and crude oil resumed their downward trend, while the U.S. gained some of its losses back from earlier this month. This week the main events will revolve around the before last FOMC meeting for the…
The cool down in the U.S. equities and the weakness of the U.S. dollar against the leading currencies have provided the proper environment to slowly bring back up gold and silver. Will this slow recovery last? This week’s U.S. economic…
The recent weakness in the U.S. equities lead the news cycle as its also coincided with selloffs of U.S. dollar and recovery of precious metals. This week, several key reports will be released including: U.S. CPI, U.S. new home sales,…
It seems the market was waiting for an excuse to start selling off the U.S dollar after it had spiked in the recent weeks against the Euro, Yen and Aussie dollar. Last week, the minutes of the FOMC meting provided…
The recovery in the USD took a turn as its fell against leading currencies. The huge selloffs also led to a rally for precious metals prices. The minutes of the last FOMC meeting along with the revised down IMF economic…
The latest positive news from the U.S labor market – the NF payroll showed 248K jobs added during September and August numbers were revised up to 180K – was enough to drag down the prices of gold and silver to…
Following the better than expected NF payroll report, in which the USD rallied, while precious metals took a nose dive, this week the U.S JOLTS report will complete the NF payroll report; this report may offer another data point about…