gold price forecast and outlook
The minutes of the recent FOMC meeting were published and didn’t reveal anything new: several members still think the current asset purchase program, in which the Fed is purchasing each month $85 billion of mortgage backed securities and long term…
The gold market continues to cool down. The recovery of the U.S stock market is pulling investors out of safe haven investments and into the stock market. The leading gold producers are the first to suffer from this shift in…
Gold and silver changed course and rallied yesterday along with other commodities such as oil and the major “risk related currencies” such as the Euro and Aussie dollar. The main event of the week – the publication of the minutes…
Gold and silver declined yesterday and thus continued their downward trend from last week. The Japanese yen continues to loose ground against the USD and Euro, while the Euro and other risk related currencies slightly appreciated against the USD. Will…
Gold and silver continued to trade down during most of last week. By the end of the week, however, the prices of gold and silver bounced back following the disappointing U.S non-farm payroll report. The recent developments in the forex…
Gold and silver tumbled down in recent weeks. Their decline didn’t seem to coincide with the developments in the forex markets including the sharp depreciation of the Japanese yen. In the U.S jobless claims rose by 28k to 385k; non-farm…
Gold and silver remained virtually unchanged as both precious metals edged down during yesterday. In Europe, ECB and BOE left their respective monetary policy unchanged: ECB decided to leave its rate unchanged at 0.75%, but ECB President hinted of a…
Gold and silver plummeted again for the second time this week. The price of silver declined in nine out of the past eleven business days. The price of gold fell in four out of the past seven business days. Other…
The prices of silver and gold tumbled down yesterday and reached their lowest rates in over three weeks. In Europe the situation isn’t improving: Yesterday it was reported that UK and Italy’s manufacturing PMI fell. The EU unemployment rate rose…
Gold and silver prices remained virtually unchanged during March. The latest developments in Cyprus dragged down the Euro but didn’t seem to influence much bullion traders. The increase in U.S money base, partly due to the FOMC’s QE3 program, doesn’t…