gold price forecast and outlook
Major commodities including oil, silver and natural gas changed direction and fell during last week. Equities markets cooled down while the forex markets didn’t have a clear trend during last week. Will this unclear trend persist? In the upcoming week…
Precious metals continued to rally as gold and silver rates rose for the second consecutive day. In the U.S, jobless claims rose by 10k to reach 354k during the previous week; the second GDP estimate was published yesterday: the U.S…
The prices of precious metals changed direction and bounced back on Tuesday. Their recovery coincided with the decline in equity markets and the rally of leading risk related currencies such as Euro and Aussie dollar. In Europe, the recent monetary…
The prices of gold and silver resumed their downward trend and fell yesterday. In the U.S, consumer confidence sharply rose from 69 in April to 76.2 in May. The rise in the index may have helped pull up U.S equity…
The high volatility in the precious metals markets eased down during May after the high movement they have had during April. The recent publication of the minutes of the FOMC meeting from back in May and Bernanke’s testimony in Congress…
Bullion market slightly heated up last week as gold and silver prices rallied during last week. The recent cool down in stock markets in the U.S may have contributed to the recovery of precious metals. In the forex markets, the…
Gold and silver changed course and bounced back during last week. Their recovery coincided with the appreciation of leading currencies such as Euro and Japanese yen against the USD. Moreover, the recent fall of U.S equity markets may have also…
Precious metals changed direction and rallied on Thursday following the decline in the U.S equity markets. The sharp drop in the Japanese equity markets may have dragged down along with it the Japanese yen and other equity markets. In the…
Precious metals continued to trade down following the recent testimony of Bernanke and the publication of the minutes of the May FOMC meeting. The speculations around the Fed’s potential tapering of the QE3 program may have contributed to the fall…
Precious metals changed directions and fell yesterday. Their decline coincided with the rally of U.S equity markets. Conversely, the Euro and other leading “risk related currencies” also rose yesterday. Today, the Fed will publish the minutes of the April/May meeting.…