gold price forecast and outlook
The low volatility has returned to the precious metals markets. The prices of gold and silver, much like other commodities, remained virtually unchanged on the first day of the week. Will gold and silver resume their downward trend? Currently, gold…
The spike in the price of gold between 2008 and 2011 seems to have taken a turn in the past year and a half and slowed down. In 2012 the price of gold rose by only 3.7%. Many investors still…
The prices of gold and silver remained nearly unchanged on a weekly scale. The optimism in the precious metals markets following the recent decision of U.S policymakers to raise taxes and averting the “fiscal cliff” didn’t last long. The prices…
Despite the high volatility in the prices of gold and silver during last week, they remained nearly unchanged on a weekly scale. Gold and silver rallied after the holiday after the announcement that the U.S Senate and later Congress approved…
The prices of gold and silver changed direction and tumbled down on Thursday. The recent release of the minutes of the FOMC meeting may have contributed to the tumble in precious metals prices. Moreover, the expectations that the upcoming U.S…
The prices of gold and silver continued their upward trend on Wednesday. This rally coincided with the rise in other financial markets including other commodities such as crude oil and U.S stock markets. This rise was mostly attributed to the…
The prices of gold and silver rallied on Monday. Will this rally continue? The recent news from the U.S is that the fiscal cliff was averted. This news received the final confirmation as Congress approved the plan to increase taxes…
Gold and silver edged down again during last week. Unless there will be a last minute development, the U.S economy will jump over the “fiscal cliff”. These budget talks aren’t likely to end in 2012 as U.S policymakers could still…
Precious metals prices resumed their downward trend during December. This downward trend, however, was less related to the movement of the USD or the changes in other commodities prices and was plausibly related to other factors. These factors could include…
The prices of gold and silver edged down during the previous week. As the year is winding down, the clock is still ticking on the fiscal cliff. Up to now, the White House and Congress didn’t progress towards a viable…