The recent recovery of the USD provided the climate to bring back down gold and silver. Even the contraction in the US GDP during Q1 didn’t help pull up gold and silver, nor did the fall of long term treasury…
Gold and Silver Outlook for June 1-5
Category: Silver
Financial Market Preview for June 1-5
The U.S. dollar changed course and rallied against the Japanese yen, Aussie dollar and Canadian dollar and remained nearly flat against the Euro. The GDP for Q1, second estimate, was released on Friday and showed a contraction of 0.7% —…
Gold and Silver Outlook for May 25-29
The FOMC released the minutes of the last meeting. The news about the minutes was enough to pull up the U.S. dollar against leading currencies and drag along the way gold and silver. The odds of the FOMC raising rates…
Financial Market Preview for May 25-29
This week will be short on account of Memorial Day, but this doesn’t mean we could see a rise in volatility following the end of the long weekend in the U.S. financial markets. On this week’s agenda: U.S. durable goods,…
Gold and Silver Outlook for May 18 -22
The change in direction of U.S. LT treasury yields along with the devaluation of the USD have pressured back up gold and silver. Is this turn of events suggests bullion prices are on their road to recovery? The minutes of…
Financial Market Preview for May 18 -22
The U.S. dollar took another beating this week as it depreciated against the Euro and yen, while the stock market didn’t do much and commodities rallied – this mainly includes gold and silver. This week, the FOMC will release the…
Gold and Silver Outlook for May 11-15
The U.S. jobs report showed a gain of 223K jobs, which wasn’t far off market expectations, albeit it was better than the previous report. Alas, the report also showed downward revisions for the previous jobs reports and little change in…
Financial Market Preview for May 11 -15
The recent NFP report was inline with market expectations but did present downward revisions for previous months. The aftermath of this report will continue to resonate in the markets in the coming days. Besides this labor market update, here are…
U.S. NF Payroll Bounces Back with a Gain of 223K in April | Gold Still Rallied
Following the disappointing March NFP report, this time the U.S. non farm payroll grew by 223K in April – inline with market expectations. The ADP report presented a gain of only 169K jobs and the market estimates were set at…
Gold and Silver Outlook for May 4-8
Despite the drop in precious metals prices by the end of the week, gold remained nearly flat and silver was up by 3% on a weekly scale. The recent FOMC meeting seems to have brought down gold and silver, after…