gold price forecast and outlook
The recent NFP report didn’t present, yet again, a clear picture as to where the U.S. labor market is heading: Wages went up but job growth didn’t meet market estimates. This week, the JOLTS report will provide another look at…
The bullion market rode again on the coattails of the weaker USD – as it devaluated mostly against the Yen and Euro – following the FOMC’s statement, which was mostly positive about the U.S. economy but didn’t offer any hints…
The BOJ disappointed by not expanding its monetary stimulus, while the FOMC, as expected, didn’t budge on its rate hike talk. In the end, the USD continued to devalue against the Yen and Euro, which helped push back up commodities…
The divergence in the bullion market continued for a second week in a row as silver finished the week up while gold – slightly down. This divergence, however, may not last long considering the busy week ahead that includes several…
In the midst of earnings season next week will also entail two major events that could boost even further up volatility: The Federal Reserve’s policy meeting and U.S. GDP for Q1. Other events and reports to consider include: BOJ’s policy…
Gold and silver didn’t move in concert as they usually do during last week. The USD slightly appreciated against the majors even though the market reduced its expectations of a Fed rate hike this year – for now the chances…
Precious metals started off last week on a negative note but as the week progressed they changed direction and rallied. The dovish/bearish statements of Yellen in the recent panel discussion along with the minutes of the previous FOMC meeting helped…
Gold and silver moved in an unclear trend last week as Yellen’s speech cooled down the bullion market while the NFP dragged it back down. This week isn’t likely to be much different with the upcoming release of the minutes…
Precious metals changed direction and declined – along with other commodities – as the USD bounced back against the Euro and Japanese yen. Will the recent fall in gold and silver prices continue? Or will bullion prices change course again…
Gold and silver received another boost from the FOMC. The Fed, as expected, didn’t change its cash rate but it did revise down in the dot plot the outlook for the cash rate from 4 hikes to 2 this year.…