gold price forecast and outlook
The prices of gold and silver changed direction and sharply fell during last week. Despite their fall, during the week they have zigzagged with an unclear trend. During last week, several reports were released during the week that could influence…
The commodities markets shifted gear as energy commodities such as oil and natural gas rallied, while precious metals such as gold and silver tumbled down. The U.S reports that were published last week including GDP, NF payroll, manufacturing PMI, and…
Gold and silver changed direction and after they had declined in the first two days of the week, they have changed direction yesterday and rallied. Their recent recovery, however, might not last long and could continue to be part of…
Precious metals prices resumed their downward trend during November. The minutes of the penultimate FOMC meeting of the year revealed its members discussed the importance of conveying to the public that tapering QE3 (if and when it starts) won’t…
The prices of gold and silver continued their downward trend and slightly fell for the second consecutive day. Their decline didn’t coincide with the depreciation of the USD against the Euro and Aussie dollar. The Reserve Bank of Australia has…
The prices of gold and silver tumbled down on the first day of the week. This may have been a strong correction to the sharp rise in bullion prices on Friday. Their recent drop coincided wit the moderate drop of…
The prices of gold and silver remained nearly flat during most of the week; they only slightly rose on a weekly scale as the U.S holiday may have contributed to the low volatility in the markets. During last week it…
Last week’s slow pace in the financial markets won’t repeat next week, and many news items, decisions and reports will come to fruition. These include: U.S non-farm payroll report, ECB, RBA, BOC and BOE rate decisions, U.S, Canada, Australia and…
Gold and silver markets were closed in the U.S yesterday on account of the U.S holidays. Today the U.S markets will be open for half a day. This could mean low volume of trade and little movement in the forex,…
Gold and silver resumed their downward trend and declined again yesterday. Their recent fall may have partly been related to positive news from the U.S regarding jobless claims; the number of initial claims slipped by 10k to reach 316k –…