Gold and Silver Prices Weekly Outlook for January 2-6

Here is a weekly recap for gold and silver prices for the week of December 26th to the December 30th including changes in prices, chart analysis and the main events and news that may have affected gold and silver prices to decline during last week including the rise in the U.S. consumer confidence, the recent development in Europe including the ECB’s intervention in offering loans to EU banks and Italy’s bond sales, and the increase in U.S initial unemployment claims .

The video link below also includes a quick forecast for gold and silver prices for the first week of 2012 the week January 2nd to the January 6th including the main reports and events that may affect gold and silver prices. Some of these reports and events include: U.S. manufacturing index report, the minutes of last FOMC meeting, the U.S factory orders report, the EU manufacturing PMI, Australia’s balance report, U.S non-farm employment report U.S. unemployment claims weekly update (just to name a few).

For further reading:

1 comment for “Gold and Silver Prices Weekly Outlook for January 2-6

  1. Tom
    January 3, 2012 at 4:20 am

    Hi There,

    Gold has taken a hefty fall lately but there reason for the selling could have been the forced liquidation of assets by some European banks.

    So far there’s been a very strong bounce with gold trading at US$1,578 during the Asian trading session.

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