silver price forecast and outlook
The recent NFP payroll report showed, yet again, another strong gain in jobs with 295K jobs added last month and rate of unemployment fell to 5.5%. This news fueled gains in the U.S. dollar and dragged down gold and silver…
The bullion market took another beating last week as both gold and silver tumbled down mainly at the beginning of the week. Even the slightly dovish toned minutes of the FOMC meeting didn’t bring much up gold and silver. This…
The Greek debt crisis seems to have reached, for now, a solution. The Greeks basically gave in to the Germans in regards to the whole austerity. The Greeks will need to submit on Monday proposal for reforms, which will need…
In the past week the price of gold slightly declined, while silver prices bounced back mainly on Friday. Nonetheless, the recovery of precious metals came to a halt this month after their strong performance back in January. Will their recovery…
The volatility in the financial markets continues as the tensions between ECB and Greece’s new elected government progresses. This week, the Euro group and ECOFIN summits are likely to further discuss the Greek debt situation. Other publications and events to…
Gold and silver didn’t perform well again in the past week, and the recent NF payroll report provided additional thrust to bullion’s descent. U.S. treasury yields, which tend to have a negative relation with the prices of precious metals, started…
The U.S. NF payroll report presented higher growth in jobs than market expectations and a rise in wages. This news was enough to bring up the US dollar. Looking forward, the JOLTS report, the other labor market monthly update, will…
Gold and silver took a tumble last week. The FOMC meeting didn’t have any big announcements but the bullion market reacted with a sharp fall in gold and silver the next day. On Friday, however, the GDP report was released…
Last week continued the high volatility following the recent FOMC policy meeting and US’s GDP fourth quarter release. This week is also entails important financial reports from the US most notably the non-farm payroll, manufacturing PMI, PCE, and factory orders…
The Greek elections from the weekend could bring the Greeks one step closer to exit the EU, which may stir up the markets mainly the Euro. The result of the recent QE program announcement of ECB and BOC’s rate cut…