gold price forecast and outlook
The FOMC may have concluded its meeting and announced its changes to policy on Wednesday evening, but the sharp drop in prices of gold and silver only came on Thursday. In other news: The U.S jobless claims rose by 10k…
The FOMC ended their last meeting of the year with the decision to taper QE3 by $10 billion. This means, the asset purchase program declined to $75 billion per month starting next month. The FOMC reduced $5 billion from each…
The prices of gold and silver changed direction and fell on Tuesday. Nonetheless, on a monthly scale both precious metals haven’t done much and only slightly declined. The upcoming FOMC statement and outlook are likely to affect the developments in…
The prices of gold and silver resumed their rally and rose again for the second consecutive day. This trend, however, might change direction if the Fed announces tomorrow the tapering of its asset purchase program. Today the FOMC starts its…
The prices of gold and silver moved in an unclear trend during the past week; the speculations around this week’s FOMC meeting keep the bullion market with high uncertainty. Some analysts guess tapering will be announced in next FOMC meeting:…
The financial markets remain poised for the upcoming FOMC meeting, in which it will be decided whether the FOMC would announce of tapering QE3. The current expectations from analysts are that the Fed is likely to do so and start…
The gold and silver market continue to change direction with unclear trend: Yesterday both precious metals changed course and plummeted to their lowest level this week. The sharp rise earlier this week was erased. This unclear trend is likely to…
Leading gold companies such as Goldcorp (NYSE: GG) and Yamana Gold (NYSE: AUY) haven’t done well in the stock market, and their shares have tumbled down during the year. These companies’ third-quarter earning report showed a plunge in revenues and…
The prices of gold and silver sharply rose on Tuesday. This recent rise was the second consecutive rise in prices. The recent reached agreement between Ryan and Murray to avert a potential U.S government shutdown in January along with FOMC’s…
The prices of gold and silver bounced back on Monday from last week’s decline. This may have been a correction to the plunge in prices following the positive reports on the progress of the U.S economy. This week, only a…