Tag: FOMC Meeting

Gold and Silver Prices Outlook for March 18-22

Gold and silver didn’t do much during last week. Their price volatility also remained low. Several reports came out during last week: retail sales rose by 1.1% in February; jobless claims declined again by 10k to reach 332k; the PPI…

FOMC Left Policy Unchanged–FOMC Meeting

The FOMC concluded its first meeting this year and as the market had anticipated, the Fed left its policy unchanged: the Fed will continue purchasing mortgage-backed securities at a pace of $40 billion per month, and long term securities at…

Gold and Silver Prices Outlook for November 12-16

The prices of gold and silver changed direction last week and rose. Will this rally continue this week? The U.S Presidential elections are over. The results of the elections may have contributed to the recovery of bullion rates. Back in…

Gold and Silver Prices Outlook for October 22-26

During the previous week, gold and silver prices decreased. Last week’s EU Summit didn’t ease the concerns of traders as Spain didn’t request a bailout. Several U.S reports may have contributed to the decline in gold and silver prices: the…

Gold and Silver Prices Outlook for October 8-12

During last week, gold and silver prices remained nearly unchanged. The Aussie dollar declined against the USD mainly due to RBA’s decision to lower the cash rate by 25pp. This development may have contributed to the unclear trend of precious…

Gold and Silver Prices Outlook for October 1-5

During last week, gold and silver prices slightly declined as the recent developments in Greece, Spain and Italy that included riots against austerity measures may have pulled down not only bullion rates but also the Euro. By the end of…

FOMC Announced QE3 and Low Rates Until mid-2015

The FOMC concluded its sixth meeting this year and as the market had anticipated, the Fed announced it will launch QE3 that will consist of purchasing additional agency mortgage-backed securities at a pace of $40 billion per month. The Fed…

Gold and Silver Prices Weekly Outlook for August 27-31

During last week gold and silver prices hiked after they had remained nearly unchanged during the first couple of weeks of August.  The renewed expectations that the Fed will issue another stimulus plan in the near future were ignited following…