The bullion market got some positive news from the FOMC: The expected cash rate by the end of 2015 and 2016 – based on the dot plot – was revised down. This provided backwind for interest rates to come down,…
Gold and Silver Outlook for March 23-27
Tag: gold Outlook
Gold and Silver Outlook for March 16-20
Silver and gold followed major currencies such as the Euro and Japanese yen and declined again as the USD continued to pick up. This week’s FOMC meeting could bring gold and silver to a new year low if the FOMC…
Gold and Silver Outlook for March 9-13
The prices of precious metals took another beating especially after the NFP payroll report was released on Friday and exceeded market expectations. The JOLTS, retail sales, PPI and consumer sentiment are the main U.S. reports to be released this week.…
Gold and Silver Outlook for March 2-6
Gold and silver showed a modest gain in the past week, despite the unclear trend in the movement of USD against leading currencies pairs. Yellen’s recent testimony was perceived mostly dovish and pushed back up bullion prices and dragged down…
Gold and Silver Outlook for February 23 -27
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…
Gold and Silver Outlook for February 9-13
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…
Gold and Silver Outlook for February 2-6
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…
Gold and Silver Outlook for January 19-23
The recent announcement of SNB’s Thomas Jordan caused a lot of excitement in the markets – this includes gold and silver. Precious metals bounced back last week following this news. The ongoing recovery of gold and silver is mostly related…
Gold and Silver Outlook for January 12 -16
Gold and silver kicked off the year on a positive note as both precious metals rallied during last week. The release of the minutes of the FOMC meeting from December didn’t seem to have a strong adverse impact on bullion…
Gold and Silver Outlook for January 5-9
The prices of gold and silver took another tumble to end the year on a negative note. This week will the first full working week of 2015 that is likely to see a rise in volatility. This week the main…