Tag: core durable goods

Gold and Silver Outlook for October 24-28

Even though the chances of a rate hike remained nearly flat over the past week, long term yields have slightly declined, which gave a modest gain for gold and silver prices. But if the recent trend of the past few…

Financial Market Outlook for October 24-28

With less than three weeks until the U.S. elections, concerns over a hard Brexit and earnings season underway market volatility is likely to slowly pick up in the near term. This week the main events of the week include: U.S.…

Financial Market Outlook for May 23-27

The recent hawkish FOMC minutes were enough to drive back up the USD and bring down equities as the markets adjusted expectations regarding a possible rate hike. This week’s main reports and events include: U.S. core durable goods, EU manufacturing…

Gold and Silver Outlook for March 21-25

Gold and silver received another boost from the FOMC. The Fed, as expected, didn’t change its cash rate but it did revise down in the dot plot the outlook for the cash rate from 4 hikes to 2 this year.…

Financial Market Forecast for July 21-25

Oil prices recovered last week on account of the rise in tension between the U.S and Russia. Moreover, this news provided some backwind for gold and silver but it wasn’t enough to offset the huge selloffs in precious metals market…

Oil Outlook for May 26-30

Oil prices (WTI and Brent) continued its upward trend during the previous week. WTI rose again by 2%; Brent oil inched up by only 0.1%. As a result, the gap of Brent oil over WTI narrowed: The premium ranged between…

Oil Outlook for February 24-28

Oil price (WTI and Brent) resumed its rally during last week. WTI oil increased by 1.9%; Brent oil, by 1%. As a result, the gap of Brent oil over WTI slightly narrowed: The premium ranged between $7.16 and $8.43. Last…

Gold and Silver Prices Outlook for August 26-30

During last week, gold and silver rose again. Their ongoing recovery resulted in gold reaching its highest level since early June; silver is at its highest since early May. Despite the recent rally of gold and silver, their recovery didn’t…