The last week of the year is upon us. And this week, much like last one, will be a short one with low trading volume. This could result in lower volatility, albeit in the past volatility tended to pick up.…
Gold and Silver Outlook for December 28-31
Tag: gold Outlook
Gold and Silver Outlook for December 21-25
The Fed finally raised its cash rate by 0.25 basis points to a range of 0.25-0.5%. The reaction in was quite subdue and perhaps even a bit underwhelming as market were prepared for this decision. The U.S. dollar still rallied…
Gold and Silver Outlook for December 14-18
The gold and silver market is heading towards an important week as the upcoming FOMC meeting will eclipse any other event. In the last FOMC meeting the members decided that a rate hike in December will most likely be the…
Gold and Silver Outlook for December 7-11
Precious metals prices bounced back as the U.S. dollar devaluated against the Euro – mainly after ECB’s Draghi didn’t meet market estimates and only reduced the deposit rate to -0.3% without introducing an expansion of QE. And then the NFP…
Gold and Silver Outlook for November 30- December 4
Silver and gold prices fell again in the past week as the U.S. dollar kept rising and the market raised the odds of a December rate hike by the FOMC. Will this week be any different? The focus will shift…
Gold and Silver Outlook for November 23-27
As the U.S. dollar rallied against other currencies – mostly against the Euro and Yen – gold and silver kept slowly falling. Does it mean it’s only downhill from here on to the end of the year for precious metals…
Gold and Silver Outlook for November 16-20
The weakness of precious metals continued in the past few days as the U.S. dollar keeps climbing and the market becomes more convinced that a December rate hike is a strong possibility. The gold and silver prices have not only…
Gold and Silver Outlook for November 9-13
Gold and silver prices took another hit after the latest NFP report showed a much better than expected growth in jobs of 271K – the market expected a gain of only 179K. This news reignited the belief that the Federal…
Gold and Silver Outlook for November 2-6
The FOMC didn’t raise rates this time, but heavily hinted of a possible liftoff in the December meeting. This news was enough to prompt selloffs of gold and silver. Even the GDP report, which showed a gain of only 1.5%,…
Gold and Silver Outlook for October 26-30
The ECB and PBOC aim to help stimulate their economies: The ECB by hinting of more QE to follow and PBOC by cutting rates again. For gold and silver, a stronger U.S. dollar, brings down their prices. And these decisions…