Tag: Gold prices outlook

Gold and Silver Prices – Daily Outlook September 5

The prices gold and silver continued their rally and rose for the second consecutive business day. There were several news items that were released yesterday regarding Australia:  RBA kept the interest rate unchanged at 3.5%; the Australian GDP fro Q2…

Gold and Silver Prices – Daily Outlook September 4

The prices gold and silver traded up in recent weeks (see chart below). There are speculations that quantitative easing 3 will be announced soon by the FOMC. Bernanke’s speech didn’t suggest, in my humble opinion, that QE3 will be implemented…

Gold and Silver Prices – Daily Outlook August 24

Gold and silver prices, as expected, hiked during yesterday as a clear cut market reaction to the publication of the minutes of the FOMC meeting. The minutes revealed that many FOMC members consider “monetary accommodation would likely be warranted fairly…

Gold & Silver Prices – Daily Outlook August 17

Gold and silver, much like many other commodities, rose again on Thursday and thus completed a second straight day of gains. The U.S housing starts declined during June while the number of building permits increased. U.S. jobless claims remained nearly…

Gold & Silver Prices – Daily Outlook August 16

Gold and silver edged up on Wednesday after they had declined during the first two days of the week. The bullion market continues to seek direction as both metals nearly didn’t change during the month.   The U.S CPI remained unchanged…

Gold & Silver Prices – Daily Outlook August 15

Gold and silver declined again for the second straight day. Will this weakness in the bullion market continue? The Euro Area GDP contracted during the second quarter of 2012 by 0.2%.  This news may have contributed to the decline of…

Gold & Silver Prices – Daily Outlook August 14

Gold and silver, much like many other commodities, changed direction from last week and declined on Monday. The speculations around the future plans of ECB and Bank of China in regards to their respective stimulus plan could continue influencing bullion…