The bullion market recovered last week as the FOMC didn’t raise rates all awhile leaving the door open for a rate hike this year. The FOMC also revised its outlook on GDP growth rate for 2016, core inflation for 2017…
Gold and silver took another hit last week even though the changes of a rate hike in September declined. Even though the markets cut the chance of a rate hike in the upcoming meeting, the markets didn’t change the chance…
Precious metals kicked off last week on a positive note but by the end of the week both gold and silver made a U turn a declined as yields started to pick up again and the USD recovered. The speculation…
Gold and silver didn’t do much throughout most of last week until Friday when the non-farm payroll report presented a gain of only 151K jobs – lower than expected – and even the annual growth in wages also fell short…
Bullion prices took another beating in the past week as the markets are slowly raising the chances of rate hike this year by the Federal Reserve. But this could all change if the upcoming NFP report falls short of market…