gold price forecast and outlook
During the previous week, gold and silver prices decreased. Last week’s EU Summit didn’t ease the concerns of traders as Spain didn’t request a bailout. Several U.S reports may have contributed to the decline in gold and silver prices: the…
The prices of gold and silver changed direction again and slightly declined on Thursday after both precious metals had increased in the previous two days. Their recent decline coincided with the fall of the Euro and other “risk currencies” such…
The prices of gold and silver continued to trade up for the second consecutive business days. Their recent rally coincided with the recovery of the Euro and other “risk currencies” such as the Aussie dollar and Canadian dollar. U.S housing…
The prices of gold and silver changed direction and bounced back from their recent downward trend. Their recent rise coincided with the rally of the Euro and other “risk currencies”. The U.S CPI rose by 0.6% during September. The core…
The prices of gold and silver continued their downward trend direction and following yesterday’s tumble they have both returned to their pre-FOMC QE3 decision prices. The recent U.S retail sales report was better than many had anticipated as the retails…
Gold and silver, much like the Euro, changed direction and declined during last week. The ongoing speculations around the future steps of Spain in regards to its debt problems might reach a new climax this week in the upcoming EU…
During last week, gold and silver prices slightly declined. A couple of U.S reports may have moderately affected forex and commodities prices: the U.S PPI rose by 1.1% during September; U.S jobless claims fell by 30k to 339k. These news…
Gold and silver prices remained nearly unchanged as gold rose while the price of silver edged down. U.S jobless claims tumbled down by 30k to 339k this positive news may have contributed to the modest rally in the commodities and…
Gold and silver prices didn’t do much yesterday as both precious metals edged up for the first time this week. The uncertainty around the future steps of Spain and whether it will request from ECB to start its bond purchase…
Gold and silver prices continued their downward trend yesterday and thus they have declined for the third consecutive day. Mario Draghi, ECB President, contributed to the bearish market sentiment as he, much like the IMF, warned the economic outlook for…