gold price forecast and outlook
Precious metals will face another stormy week with the upcoming FOMC meeting. Following the latest ECB monetary meeting that concluded with rate cuts and augmented QE program, gold and silver moved in an unclear trend on a weekly scale and…
Gold and silver started off March with a bang: Their rally came even though the U.S. dollar didn’t do much against the Euro or the Yen, and the long term interest rates starts to rise again. Even the recent NFP…
The recovery of the U.S. dollar – in part due to growing concerns over a Brexit and several better-than-expected U.S. data figures such as GDP for Q4 – held back gold and silver prices. Some of the positive U.S. reports…
The rally of gold and silver reached an impasse following the recent recovery in equities and the U.S. dollar against the Euro, Aussie dollar and British Pound. Nonetheless, the bearish market sentiment is still looming and could initiate selloffs if…
Following FOMC Chair Yellen’s testimony, in which she didn’t rule out the possibility of cutting rates to negative territory all awhile keeping the same mantra that the decision to raise rates will be data dependent hasn’t calmed markets. Also the…
The bullion market had, much like the rest of the financial market, a turbulent week: But unlike equities or other major commodities, both gold and silver continues to rise. The devaluation of the U.S. dollar helped push up precious metals…
Gold and silver prices rallied again last week but mostly at the start of the week before the FOMC released its statement, which was considered by many balanced. This week the NFP report could move gold and silver prices. But…
The recent rally in the stock market has eased the concerns over the prospects of a bear market in equities. But this could all change if U.S. and China’s economic reports show signs of slowdown. This week the focus will…
Gold and silver prices slightly rose last week as the ECB promises more stimulus to follow, which could keep the U.S. dollar strong against the Euro. This week, the main event is the FOMC meeting that could impact the direction…
Another turbulent week ended with falling and then rising equities and commodities prices – mostly oil. Well, this week isn’t likely to be much different so expect more high volatility on all fronts. The main events of the week come…