gold price forecast and outlook
The prices of precious metals have changed direction and rallied yesterday after they had declined for three consecutive business days. Their rally coincided with the rally of the Euro/USD and the drop of U.S stock markets. In the U.S, new…
The prices of gold and silver continued their downward trend and completed yesterday a three day drop. Their recent descent coincided with the ongoing weakening of leading currencies against the US dollar. In the news, the German IFO Business Climate…
The gold and silver market has cooled down from last week’s high volatility, following last week’s FOMC’s no-tapering decision. On Monday, gold and silver slightly declined. Their decline coincided with the downfall of other commodities such as crude oil. In…
The prices of gold and silver rallied during last week. The latest FOMC meeting ended with Bernanke keeping the monetary policy unchanged even though many had expected the Fed will start tapering its asset purchase program. As a result gold…
Despite the high volatility in the commodities markets, gold and silver didn’t do much on a weekly scale as both precious metals rallied; on the other hand, oil and natural gas changed direction and fell during last week. The highly…
Gold and silver prices sharply rose yesterday following the decision of the FOMC ot keep its policy unchanged without tapering its asset purchase program. The progress of the U.S economy will continue to affect FOMC members and whether there will…
Despite the high expectations, the FOMC left its policy unchanged and didn’t decide to taper its asset purchase program at this point. This decision has had an immediate effect on the financial markets: Long term treasuries yields have dropped; the…
Gold and silver changed direction and after they had rallied on Monday, they pulled back down and fell on Tuesday. The FOMC meeting will end today, in which the FOMC will decide on any changes to its policy. If the…
The prices of gold and silver started off the week on a positive note as both metals bounced back from last week’s tumble. But this rally might not last long with the FOMC meeting will reveal a change in its…
During the previous week, gold and silver prices plummeted. The upcoming FOMC meeting could stir up the precious metals markets especially if the Fed surprises and changes its monetary policy. The current expectations are that the Fed will start taper…