gold price forecast and outlook
Gold and silver changed direction and rallied during last week. Will precious metals continue to rise during this week? As I have pointed out in the precious metals weekly outlook, there are several events and reports that could affect the…
The prices of gold and silver changed direction last week and rose. Will this rally continue this week? The U.S Presidential elections are over. The results of the elections may have contributed to the recovery of bullion rates. Back in…
The prices of gold and silver changed direction again and bounced back on Thursday along with other commodities prices including crude oil and natural gas. Yesterday, U.S jobless claims update came out: number of jobless claims declined by 8k to…
The prices of gold and silver changed direction and declined on Wednesday along with other assets including crude oil, natural gas and stock markets. The hype over the elections of the incumbent President Obama for a second term didn’t last…
The prices of gold and silver hiked on Tuesday and thus completed a two day rally. The U.S Presidential elections are over as the incumbent President Obama was elected to serve another term in the White House. In the 2007…
The prices of gold and silver bounced back on Monday following their tumble on Friday. The U.S Presidential elections will come to a conclusion today. These elections and the day following the conclusion of the elections could lead to a…
Gold and silver resumed their downward trend during last week. Will precious metals continue to dwindle during the upcoming week? The U.S Presidential elections will be held on Tuesday. These elections could lead to a sharp fall in trading volume…
The prices of gold and silver continued last week their downward trend. Will this downward trend progress this week? The U.S manufacturing PMI edged up during October to reach 51.7%; jobless claims decreased by 9k to reach 363k. These reports…
The prices of gold and silver changed direction again yesterday and declined for the first time in the past three days. The U.S manufacturing PMI edged up to 51.7; U.S jobless claims declined by 9k to reach 363k. Currently, the…
The prices of gold and silver rose again yesterday and thus completed a two day rally. Many other commodities also increased yesterday. The markets in NY open yesterday for the first time following Hurricane Sandy. China’s manufacturing PMI rose to…