Tag: gold projection

Gold and Silver Forecast for August 18-22

Precious metals resumed their downward trend last week, while the USD and U.S equities rallied. Nonetheless, gold price is still up by 1.8% during August, up to date, but silver is down 4.3%. This week, the minutes of the FOMC…

Gold and Silver Forecast for August 11-15

golden bar

Gold changed direction and bounced back mainly on Wednesday, while silver dwindled on a weekly scale. Moreover, on a monthly scale gold is up by over 2% and silver is down by a similar rate (up to date). What is…

Gold and Silver Forecast for August 4-8

Precious metals fell again during last week until Friday when the non-farm payroll report showed a gain of 209K in jobs – less than market expectations. Earlier this week, the FOMC decided to taper again its QE3 program and had…

Gold and Silver Forecast for July 28-August 1

golden bar

Silver and gold resumed their downward trend during most of last week. The recovery of the USD against leading currencies may have contributed to the decline of precious metals. The lack of growth in the U.S equities and the drop…

Gold and Silver Forecast for July 21-25

Silver and gold took a nosedive last week. Even the escalation in the relations between Russia and US wasn’t enough to pull up precious metals. The Chair of the FOMC Janet Yellen testified before Congress, in which she didn’t provide…

Gold and Silver Forecast for July 14-18

The gold and silver market heated up last week after they didn’t do much in the previous week. The minutes of the FOMC meeting may have partly contributed to the rally of precious metals by the end of last week:…

Gold and Silver Forecast for July 7-11

Precious metals didn’t do much last week and their rally of the past several weeks seems to have reached an impasse. Yellen’s speech at the IMF had a dovish tone as she restated a rate isn’t likely to occur anytime…

Gold and Silver Forecast for June 30- July 4

Gold and silver slightly rose last week and thus rallied in the past four consecutive weeks. During last week, the U.S GDP growth rate was revised down to -2.9%. This news may have contributed to the recovery of precious metals…

Gold and Silver Forecast for June 23-27

The prices of gold and silver resumed their upward trend at the end of last week following the FOMC meeting. The FOMC’s statement had a general dovish overtone; Chair Yellen also kept the tight lid on the Fed’s future plans…

Gold and Silver Forecast for June 16-20

Gold and silver resumed their upward trend and rallied for the second week in a row. The rise in violence in Iraq may have contributed to the rally of not only oil but also assets, which are considered safe haven…