Tag: non-farm payroll report

Gold and Silver Outlook for May 4-8

Despite the drop in precious metals prices by the end of the week, gold remained nearly flat and silver was up by 3% on a weekly scale. The recent FOMC meeting seems to have brought down gold and silver, after…

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 March 3-7

Gold and silver prices slipped during last week. The latest economic reports about the U.S and China may have contributed to the recent developments in the precious metals market: U.S new home sales jumped by 9.6%; pending home sales index…

Gold and Silver Prices Outlook for August 2013

Following the tumble in the prices of gold and silver during June, both precious metals bounced back last month. Moreover, their rally coincided with the recovery of leading currencies such as Euro and Japanese yen against the US dollar. Many…

U.S. Manufacturing PMI Index Edged Up to 51.7%

Today, the U.S. Manufacturing ISM report came out; according to the recent update, the U.S. Manufacturing PMI index edged up to 51.7% during October 2012. The U.S. Manufacturing PMI is an index that estimates the economic development of the U.S.…