gold price forecast and outlook
The prices of gold and silver rallied yesterday. In the U.S several reports came out yesterday: housing started spiked by 12.1% in December; jobless claims declined by 37k to reach 335k during last week; the Philly fed survey for January…
The prices of gold and silver remained virtually unchanged yesterday. In the U.S the debate over raising the debt ceiling continues and is likely to affect the financial markets in the weeks to follow. The U.S CPI remained unchanged during…
The prices of gold and silver continued their upward trend and rose for the second consecutive day. The recent fall of other commodities prices and major risk currencies such as Euro, and Aussie dollar didn’t seem to slow down the…
The prices of gold and silver started the week on a positive note. The recent of Bernanke may have contributed to the recent rally of precious metals on Monday. Will gold and silver continue to rise today? Currently, the prices…
The prices of gold and silver slightly increased on weekly scale. Precious metals sharply rose on Thursday along with the Euro and other commodities prices following the ECB’s decision to keep the Euro rate unchanged and Mario Draghi’s cautious but…
The prices of precious metals spiked on Thursday along with the rest of the market including crude oil, stocks and Euro. The recent ECB meeting and press conference that followed may have contributed to this rally. But the following day,…
The recent decision of ECB to keep the short term interest rates unchanged along with Mario Draghi’s reassuring speech about the future progress of the EU in 2013 may have helped rally not only commodities prices but also the Euro/USD…
The market sentiment seems to have shifted gear again as precious metals bounced back and spiked on Thursday. The recent decision of the ECB to keep the interest rate unchanged along with the reassuring words of ECB President that EU…
The prices of gold and silver changed direction and edged down on Wednesday. Moreover, many other commodities and currencies pairs have also declined yesterday. In the recent U.S bond auction the U.S average interest rate for the 10 year bond…
The prices of gold and silver shifted gear and sharply rose yesterday. The recent news from Europe including the decline in Germany’s factory orders in November, and the rise in Euro Area unemployment rate to 11.8% may have contributed to…