gold price forecast and outlook
During last week, gold and silver changed direction and rallied along with other commodities prices. Their rally coincided with the depreciation of the US dollar against currencies such as Euro and Japanese yen. The recent publication of the minutes of…
Gold and silver spiked during yesterday’s trading. The volume of trade also rose as the ramifications of Bernanke’s remarks may have contributed to the rally of not only precious metals prices but also equities. The current expectations are that the…
The high volatility in the financial markets including forex and commodities during yesterday’s trading may have stemmed, in part, by the recent publication of the minutes of the FOMC meeting and Bernanke’s speech. The dovish remarks of Bernanke may have…
The prices of gold and silver rose again for the second consecutive day. Will this upward trend continue today? The minutes of the last FOMC meeting will come out and could stir up the precious metals markets if the minutes…
Precious metals prices changed direction and following their sharp tumble on Friday, they bounced back on Monday. Will their rally persist? The recent rally of precious metals came in a slow business day as volume of trade wasn’t high. The…
During the previous week, gold and silver prices continued their downward trend even though they have started the week on a positive note. Their fall coincided with the weakness of leading currencies such as Euro and Aussie dollar that depreciated…
Yesterday the markets in the U.S were closed but the forex markets experienced high volatility mainly in Europe following the ECB and BOE rate decisions. These central banks left their cash rates unchanged but they presented guidelines for future low…
The precious metals continue to seek direction: Yesterday the prices of silver and gold bounced back and thus changed direction again. Their rally coincided with the rise of other commodities including oil. The recent U.S reports gave a mixed signal…
Gold and silver prices changed direction and fell yesterday. The U.S economy continues to show signs of progress as new factory orders rose by 2.1% during May. In Australia, the Reserve Bank of Australia left its policy unchanged and the…
The prices of gold and silver tumbled down in the past couple of weeks to their lowest levels in years. Looking forward, will gold and silver bounce back? Let’s analyze the upcoming events that may stir up the gold and…