gold price forecast and outlook
The prices gold and silver changed direction and slipped on the first day of the week after they had risen during the past couple of weeks. Major commodities and stocks also declined on Monday. The bullion market seems to have…
The prices gold and silver continued to rally during last week, mainly following the announcement of the FOMC to commence QE3, in which it will start buying mortgage backed securities at a rate of $40 billion per month. This time,…
During last week, gold and silver prices increased, mainly on Thursday following the publication of the FOMC decision to commence with QE3 that will include the Fed buying mortgage backed securities at a pace of $40 billion per month. There…
The prices gold and silver resumed their upward trend soon after the FOMC announced of QE3 that will consist of purchasing additional agency mortgage-backed securities at a rate of $40 billion per month. This news is likely to continue affecting…
The prices gold and silver didn’t do much again on Wednesday despite the publication of the German court ruling on EMS that approved the bailout. The next step will be to wait for Spain to officially request a bailout. Currently…
The prices gold and silver didn’t do much as the market waits for the two main events of the week regarding the German court ruling on EMS and tomorrow’s publication of the FOMC statement. Â In regards to the court ruling,…
The prices gold and silver slipped yesterday along with many other currencies pairs such as the Euro/USD and AUD/USD. It seems that the markets are still waiting for the big news items that will come later this week including the…
The prices gold and silver traded up again during last week, and I suspect precious metals rates will further increase this week. The number of jobs added in August according to the U.S non-farm payroll report didn’t meet expectations. This…
During last week, gold and silver prices increased, mainly on Friday following the publication of the U.S labor report that showed a growth of only 96k in jobs. The upcoming FOMC meeting between September 12th and 13th will be the…
The prices gold and silver resumed their rally, much like the U.S stock market. Further, the rise of major foreign exchange rates including the Euro Aussie dollar and Canadian dollar against the USD may have also contributed to the recovery…