Tag: Philly Fed

Gold and Silver Outlook for April 17-21

The recent CPI and retail sales reports, which were released on Friday when the markets were closed, may have brought in a new wave of dovishness to the markets: These reports – mostly the CPI that showed an unexpected drop…

Oil Outlook for April 14-18

Oil prices (WTI and Brent) bounced back last week. WTI and Brent oil rose by 2.6% and 0.6%, respectively. As a result, the difference of Brent oil over WTI narrowed again: The premium ranged between $3.6 and $5.4. Last week,…

Gold and Silver Forecast for April 14-18

The gold and silver market rallied again during last week. The bullion market’s recovery was partly due to the recent depreciation of the U.S dollar against leading currencies. The minutes of the March FOMC meeting were released and opened the…

Gold and Silver Forecast for February 17-21

Gold and silver continued to rally last week following the ongoing slowdown in the U.S: retail sales declined by 0.4% during January; industrial production declined by 0.3% in January. Finally, jobless clams rose by 8k to reach 339k. Janet Yellen,…

Gold and Silver Prices – Daily Outlook for July 18

Gold and silver prices changed direction and declined on Wednesday. Their fall coincided with the appreciation of the US dollar against leading currencies including Euro and Canadian dollar. IN his testimony in front of Congress, Bernanke reminded that the Fed…