gold price forecast and outlook
Major commodities including gold, silver and natural gas rallied again during last week. Equities markets also made a bit of comeback as major indexes including the S&P500 rose. In the forex market, however, there was a mixed trend as the…
Following the publication of the recent FOMC meeting minutes, the prices of gold and silver didn’t do much in the past couple of days. The prices of gold and silver inched up yesterday. The U.S jobless claims report came out…
The much anticipated publication of the minutes of the recent FOMC meeting didn’t amount to more than a storm in a teacup: The minutes didn’t offer any additional insight about the Fed’s next move and the wording remained ambiguous. Basically,…
Gold and silver didn’t do much in the past couple of days as they both moved in an unclear trend: The price of gold changed direction and slightly rose yesterday after it had slipped a day earlier. The forthcoming publication…
The prices of gold and silver changed direction and slipped on the first day of the week after they had spiked during the previous week. The recent fall in the prices of gold and silver coincided with the decline of…
The gold market has started to recover in the past several weeks: During August, the price of gold rose by 4.5%. This rally may have positively affected gold producer’s stock such as Goldcorp (NYSE: GG): Share of the company rose…
During the previous week, gold and silver spiked. Due to last week’s rally silver price reached its highest level since mid-May. The price of gold is at its highest since the end of June. The recent rally may have stemmed,…
The commodity markets are heating up this summer, while the forex market is cooling down. During last week, gold, silver, natural gas and oil bounced back and rallied. Will these commodities’ rally persist this week? This forthcoming week several reports…
The prices of gold and silver took a sharp turn last week and spiked. Last week’s performance was among the best in recent months. Surprisingly, the forex market wasn’t as volatile as the precious metals market was last week. Further,…
The prices of gold and silver jumped yesterday and reached their highest level since June. Their rally coincided with the depreciation of the US dollar against leading currencies such as Euro and Aussie dollar. Moreover, the tumble of leading U.S…