gold price forecast and outlook
The financial markets remained relatively calm last week: The prices of major commodities including gold and crude oil moved in an unclear trend. In the forex market, the Euro and Canadian dollar rallied against the USD, while the Aussie dollar…
Following the sharp fall in the past several days, the prices of gold and silver recovered yesterday from their downward trend and sharply rose. Their recent recovery may have partly been related to Bernanke’s speech about the Fed’s future policy…
The prices of gold and silver declined again for the fifth consecutive business day. Nonetheless, the weak precious metals prices haven’t coincided with the appreciation of major currencies such as Euro, Japanese yen, and Aussie dollar against the USD. In…
The gold and silver continued their downward trend and declined for the fourth consecutive business day. Their recent fall coincided with the ongoing depreciation of certain currencies such as Japanese yen, Aussie dollar and Canadian dollar against the USD. The…
The gold and silver started off the week on a negative note as both precious metals prices resumed their downward trend from last week. Their recent fall, however, didn’t coincide with the appreciation of the Euro against the USD. The…
The prices of gold and silver continued their downward trend last week. Their recent fall coincided with the strengthening of the US dollar against the Euro. In the U.S, the Non- farm payroll report was released and was better than…
Major commodities prices have mostly decreased during last week including Oil (Brent), gold and silver prices. The recent U.S GDP and NF payroll report were better than anticipated, which contributed to the rally of the US dollar. Moreover, the decision…
The prices gold and silver changed direction again and slipped on Thursday. Their recent fall coincided with the depreciation of the Euro against the USD. The decision of ECB to cut down the cash rate to 0.25% – its lowest…
The gold and silver market remained nearly flat again as gold and silver prices slightly rose after they had declined a day earlier. But today and tomorrow precious metals and forex market could start to pick up especially if the…
The gold and silver market didn’t do much yesterday as both precious metals slipped again. Thus both gold and silver resumed their downward trend. Their recent fall coincided with the depreciation of the Euro and Canadian dollar against the USD.…