gold price forecast and outlook
Gold and silver continued their downward trend throughout most of last week. The FOMC decided to purchase treasury securities at a pace of $45 billion per month starting January 2013 (in addition to purchasing mortgage backed securities at a pace…
The prices of gold and silver continued their downward trend throughout most of last week. The concerns regarding the fiscal cliff is among the reasons the FOMC decided to expand QE3 by purchasing long term treasuries securities at a pace…
The prices of gold and silver changed direction again and this time tumbled down. It seems the recent FOMC decision didn’t help rally precious metals prices. Yesterday, several U.S reports came out: retail sales rose by 0.3% during November; the…
The prices of gold and silver bounced back and rose yesterday following the recent FOMC decision to expand QE3 as the Fed will start purchasing long term treasuries at a pace of $45 billion per month. This purchase program is…
The prices of gold and silver changed direction and declined yesterday despite the depreciation of the USD against major currencies including the Euro and Aussie dollar. The low volatility in the precious metals continued but might start to rise in…
Gold and silver started off the week slightly rising. Will this trend continue? Yesterday, China’s trade balance report came out and revealed China’s exports rose by a much lower pace than many had anticipated. This news, however, didn’t seem to…
Gold and silver edged down during last week. Will precious metals change direction and rally this week? As I have pointed out in the recent precious metals weekly outlook, there are several events and reports that may affect bullion this…
The prices of gold and silver slightly declined during last week. The volatility of precious metals has subsided during last week but might pick up in this week as the last FOMC meeting for the year will be held during…
The prices of precious metals changed direction a couple of times during the day but in the end they both slightly rose, despite the fall in other commodities prices and major “risk currencies” such as Euro or Aussie dollar. ECB…
The prices of precious metals remained nearly unchanged yesterday as gold edged down while silver slightly rose. U.S non-manufacturing PMI slightly rose in November to 54.7 compared to 54.2 in October. This means the non- manufacturing sectors are growing at…