gold price forecast and outlook
Gold and silver prices continued to rise for the second consecutive business day after precious metals had plummeted in the past couple of weeks. Their rally was despite the news of the U.S manufacturing PMI report for June, in which…
During last week, gold and silver continued to trade down. The weakness of precious metals coincided with the depreciation of leading currencies against the USD. Following the recent FOMC meeting, in which it was hinted the Fed may taper QE3…
The high volatility in precious metals markets eased down during June after the high movement they have had during May. The recent publication of the minutes of the FOMC meeting from back in June and Bernanke’s testimony in Congress rekindled…
The leading energy commodities such as oil bounced back last week while other commodities including gold silver and natural gas continued to trade down during last week. Will leading commodities continue to trade down? In the forthcoming week several reports,…
Precious metals markets continued to show weakness and both gold and silver were traded down again during last week. Their fall coincided with the decline of leading currencies against the USD. All eyes are towards the next FOMC meeting that…
The prices of precious metals slipped again yesterday. Gold has almost fallen below $1,200 mark and silver is getting closer to the $18 mark. The positive news from the U.S regarding its economic progress may have contributed to the rally…
Gold and silver resumed their downward trend and tumbled down yesterday. Their fall coincided with the depreciation of several currencies against the USD including Euro. Following Tuesday’s reports that showed growth in the U.S economy, yesterday the last update of…
Precious metals had a slow start this week as both gold and silver remained nearly unchanged. This slow movement may dissipate as the week will progress. Yesterday, several U.S reports came out and all showed growth: Consumer confidence for June…
After last week’s plunge in gold and silver prices, precious metals continued this trend and fell on the first day of the week. The Fed’s next move seems to keep precious metals’ high sales. Will gold and silver bounce back…
Shares of Royal Gold, Inc. (NASDAQ: RGLD), much like many other gold companies’ stocks, haven’t performed well during 2013 (up to date) as they tumbled down by more than 35%. Nonetheless, Royal Gold’s business model is different than other gold…