gold price forecast and outlook
Precious metals prices changed direction and bounced back on Wednesday. Their rally didn’t coincide with the developments in the forex markets, in which the U.S dollar slightly appreciated against leading currencies such as Euro and Aussie dollar. In the U.S,…
The price of gold changed direction and fell on Tuesday after it had increased in the previous two business days. Conversely, the price of silver remained nearly unchanged. In the U.S the retail sales report came out and showed a…
Gold and silver continued their rally from Friday and spiked on the first business day of the week. Their rally didn’t coincide with the developments in the forex markets as the US slightly strengthened against leading currencies such as Japanese…
During last week, gold and silver bounced back. The depreciation of the US dollar against leading currencies may have contributed to the rally of gold and silver. The decision of RBA to cut its rate by 0.25 pp may have…
The commodities markets are starting to pull up: Last week leading commodities including gold and silver rallied. Further, leading currencies including Aussie dollar and Japanese yen also appreciated against the US dollar during last week. Will the US dollar continue…
After a few days in which both gold and silver prices didn’t do much, they have bounced back and sharply rose on Thursday. Their rally coincided with the recovery of leading risk related currencies against the US dollar such as…
Gold and silver prices didn’t do much yesterday as gold slightly rose while silver inched down. In the currencies markets the British pound rallied against the USD following the latest speech of BOE Governor Carney. Moreover, many other currencies also…
The prices of gold and silver bounced back during last month after they had tumbled down in the preceding months. Looking forward, will gold and silver continue to rally? Let’s examine the upcoming news and developments that may affect gold…
As many had anticipated, RBA cut its interest rate by 0.25 pp to 2.5%. This decision was expected so didn’t strongly affect the Aussie dollar yesterday. Nonetheless, gold and silver continued their downward trend and fell again. Will gold and…
Gold and silver decreased on Monday after the price of silver rallied on Friday. Last week’s developments including: the publication of the U.S employment report, the FOMC meeting, and ECB rate decision didn’t stir up precious metals markets. This week…