gold price forecast and outlook
Gold and silver prices changed direction and slipped yesterday. In the forex market the big movement came from Asia as the Japanese yen sharply strengthened following Bank of Japan’s recent monetary policy meeting. The Bank decided to keep its policy…
Precious metals market cooled down last week with renewed speculations of the Fed tapering its current asset purchase program as the U.S economy is slowly recovering (or at least appears to recover). The week started with both gold and silver…
During the beginning of the week gold and silver rallied only to tumble down on Friday. In Europe, ECB and BOE kept its cash rate unchanged. This news may have contributed to the rally of not only the Euro but…
The recent “non decision” of ECB President, in which he decided to keep the ECB’s cash rate unchanged helped pull up the “risk related currencies” including the Euro and Aussie dollar. BOE also left its policy unchanged. In the U.S…
The equity markets tumbled down for the second consecutive day. The fall in stock markets may have contributed to rally of precious metals prices. Their rally came despite the sharp depreciation of “risk related currencies” such as the Aussie dollar.…
The prices of gold and silver changed direction and slipped on Tuesday. Their fall coincided with the depreciation of “risk related currencies” such as the Aussie dollar. Yesterday, Reserve Bank of Australia left its rate unchanged at 2.75% but left…
Precious metals market heated up on Monday after gold and silver prices haven’t done much during last week. The recent positive news of the growth in China’s manufacturing PMI while the U.S manufacturing has tumbled down may have helped pull…
The prices of gold and silver haven’t performed well during May. But looking forward, will gold and silver recover from their recent tumble. Let’s break down the upcoming events that may affect gold (GLD) and silver (SLV) prices and analyze…
Gold and silver haven’t performed well in the past several months. Will precious metals recover from their recent tumble? Some people still consider gold an investment worth having. The leading arguments aren’t surprising: Central banks are printing money, global debt…
Gold and silver didn’t do much on a weekly scale as gold inched up while silver slipped. Their unclear trend coincided with the developments in the currencies markets as the Euro rallied against the USD while the Aussie dollar and…