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: U.S retail sales
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 Outlook for March 13-17
The NFP report came better than expected – 235K jobs added in February – enough to clear the path for the Fed to raise rates in the upcoming meeting that will conclude on Wednesday. This news, however, doesn’t vote well…
Gold and Silver Outlook for January 9-13
The year has kicked off to a bullish start mainly in equities. Gold and silver, unlike bonds, also had a solid start, even though the markets are slowly adjusting to the Fed raising rates 2-3 times this year. The latest…
Gold and Silver Outlook for December 12-16
In the past couple of weeks there has been a bit of disconnect between gold and silver: As silver slightly picked up while gold continued its downward trend. And this week’s FOMC meeting could continue to keep them apart especially…
Gold and Silver Outlook for November 14-18
So the U.S. elections did go as many had anticipated and lead to shockwaves in the financial markets across the world. And even though this news, which is considered something that raises the uncertainty in the markets, led to a…
Financial Market Outlook for October 10-14
The latest NFP report fell short again of market estimates with a gain of 156K jobs; but this hasn’t changed the view of the markets that the FOMC is likely to raise rates at least once this year – and…
Gold and Silver Outlook for September 12-16
Precious metals kicked off last week on a positive note but by the end of the week both gold and silver made a U turn a declined as yields started to pick up again and the USD recovered. The speculation…
Financial Market Outlook for August 8-12
The NFP report showed another sign that the labor market is doing well and on its road towards full employment; this also means a higher chance of a rate hike this year. The BOE also helped weaken its pound by…
Gold and Silver Outlook for July 11-15
Even though the recent NFP report presented much better than expected gains in jobs – 287K compared to 175K outlook – the bullion market didn’t react much and if anything silver kept rising on Friday. It seems that the ongoing…