gold price forecast and outlook
The bullion market didn’t perform well again last week: Silver lost 1.7% off its value, while the price of gold inched down by 0.1%. As a result, the gold to silver ratio rose again by 1.6% to around the 70…
The weakness in the bullion market and the recovery of US dollar continued last week. This week, we have a lot of news items that could push around the foreign exchange and commodities markets. In the U.S we have the…
The weakness in the gold market has also reflected in the fall in the price of SPDR Gold (GLD) – the ETF lost 5% during September. Will GLD recover from its recent fall? Let’s review the latest developments related to…
Gold and silver took another tumble as both bullion prices: For gold, it reached its lowest level since the beginning of the year; silver came down below $18 for the first time since August 2010! The latest FOMC meeting had…
Following the FOMC meeting the commodities markets took a beating as oil, gold and silver tumbled down. These losses coincided with the recovery of USD against leading currencies such as Euro and Yen and the rally of U.S equities. On…
Gold ETFs SPDR Gold (GLD) didn’t perform well this month so far as it lost more than 4% of its value (up to date). Will GLD continue to come down in the coming days? How will the upcoming FOMC meeting…
Precious metals, much like crude oil, resumed their downfall. This week, the main reports from the U.S are the upcoming FOMC meeting and press conference, Philly Fed index, PPI and CPI, FOMC Chair Yellen speaks, industrial production and housing figures.…
The financial markets could stir up again this week as there are many news items on the agenda mainly the next FOMC meeting and the Scottish referendum. Last week, precious metals and oil resumed their downward trend, while the USD…
The gold market kicked off September on a negative note as its price declined by 3%. Gold ETFs such as SPDR Gold (GLD) and iShares Gold Trust (IAU) also didn’t perform well in the past few days. The recent recovery…
Precious metals, much like other commodities, kicked off last week with a plunge in prices. As the week progressed, bullion prices remained relatively flat even after the ECB surprised the markets with a rate slash and promise of an ABS…