gold price forecast and outlook
Gold and silver were traded down again for the second consecutive business day. Other commodities prices, such as oil, and the Euro/USD also declined on the first day of the week. On the other hand, several “risk currencies” such as…
Gold and silver remained nearly unchanged last week, despite the sharp changes in other commodities markets, most notably the oil market, and the shifts in the foreign exchange markets. The recent non-farm payroll report, in which 114k jobs were added…
During last week, gold and silver prices remained nearly unchanged. The Aussie dollar declined against the USD mainly due to RBA’s decision to lower the cash rate by 25pp. This development may have contributed to the unclear trend of precious…
The prices gold and silver rose again for the second consecutive day. The rally was plausibly fueled by the recent appreciation of the Euro against the USD. The ECB left its interest rate unchanged at 0.75%. Mario Draghi stated (again)…
The prices gold and silver continue to shift with an unclear trend as both precious metals changed direction and edged up on Wednesday. Both precious metals have been zigzagging with unclear since September 13th, following the announcement of the Fed…
The prices gold and silver changed direction again, much like in the past couple of weeks, and declined. The prices of precious metals have shifted with an unclear trend in the past couple of weeks. The recent decision of the…
The prices gold and silver started off the week on positive note as both precious metals increased along with other commodities and stock prices. The unexpected rise in the U.S manufacturing PMI index to reach 51.5% may have contributed to…
The prices gold and silver edged down during last week, as the concerns over Greece and Spain may have contributed to the decline of the Euro and bullion. In the past couple of weeks the decision of the FOMC to…
During last week, gold and silver prices slightly declined as the recent developments in Greece, Spain and Italy that included riots against austerity measures may have pulled down not only bullion rates but also the Euro. By the end of…
Precious metals prices resumed their upward trend mainly during the first couple of weeks of the September in anticipation of many bullion traders for another intervention of the FOMC. This bet paid off because on September 13th the FOMC announced…