Gold and silver bounced back a bit last week, but bullion is still from down its yearly highs – close to $1300 for gold and $18.5 for silver. This week there aren’t major U.S. economic reports and in Europe the…
Gold and Silver Report for July 17-21
Tag: silver price forecast
Gold and Silver Report for July 10-14
Gold and silver, much like many other commodities, took another hit last week. And the better than expected NFP report also provided additional downward pressure on precious metals. The strong gain in jobs paved the way, for now, for the…
Gold and Silver Report for July 3-7
It’s an interesting time for bullion investors because gold and silver prices are being pulled in different directions, which as of last week at least, resulted in both precious metals losing some ground. On the one hand, long term interest…
Gold and Silver Report for June 26-30
The bullion market has cooled down in the past week as gold and silver prices moved sideways without a clear trend. The market is still trying to figure out how hawkish will the Fed actually be considering the recent economic…
Gold and Silver Report for June 19-23
The Fed gone all hawkish and brushed off the latest weak inflation data in its decision in the previous week. Despite the rhetoric, the markets haven’t budged and still estimate less than 50% chance of another hike by the end…
Gold and Silver Report for June 12-16
Gold and silver have taken a pause from their rally of the past several weeks. But this pause could end this week as the FOMC plans to raise rates. Although the market is already pricing in the next rate hike,…
Gold and Silver Report for June 5-9
Precious metals prices have continued to slow recovery especially following the latest NFP report, which showed a gain of only 138K jobs and another month of only 2.5% wage growth. This report, however, didn’t change the market expectations about the…
Gold and Silver Report for May 29- June 2
Gold and silver gained a bit more momentum as the political unease playing in the background and some economic data from the U.S. aren’t too impressive. The markets, however still place a high chance – around 80% — of a…
Gold and Silver Report for May 22-26
Market volatility made a very quick and short comeback last week on Wednesday following the political unrest in the U.S. This time, it was followed by the Comey memos about his meetings with President Trump that raised market concerns over…
Gold and Silver Report for May 15-19
The recent economic data pouring out of the U.S. including CPI and retail sales were soft enough to pause the downfall of bullion as the markets reassess the chances of a Fed rate hike in June. Nonetheless, both gold and…