The week started off with sharp falls for gold and silver, but the latest NFP report turn things around for precious metals as they ended the week on a high note. But will this rally continue or will be short…
Gold and Silver Outlook for October 5-9
Category: Weekly Forecast
Financial Market Preview for October 5-9
Another disappointing non-farm payroll, in which only 142K jobs were added in September. Moreover, there were downward revisions for the two previous months for a total of 59K jobs. This puts into question whether the Fed were to raise rates…
Gold and Silver Outlook for September 28- October 2
The gold and silver market cooled down last week, as the U.S. dollar bounced back and started to appreciate against leading currencies such as the Euro British Pound and Yen. The U.S. GDP showed a growth of 3.9% — higher…
Financial Market Preview for September 28- October 2
The U.S. dollar resumed its upward trend and strengthened against leading currencies including the Euro and Yen. The recent hawkish remarks of FOMC Chair Yellen along with the modest upward revision of the US GDP provided some backwind for greenback.…
Gold and Silver Outlook for September 21-25
The highly anticipated FOMC meeting concluded not with a bang – raising rates – but with whimper – keeping us guessing when the next rate hike will occur. In the statement and in Chair Yellen’s press conference it was clearly…
Financial Market Preview for September 21-25
Not only the FOMC opted out from raising rates – with only one dissenter for a rate hike in September – but it also tilted the markets as the members voiced their concerns over the global economy. This decision will…
Gold and Silver Outlook for September 14-18
Gold and silver prices fell again last week, as the U.S. dollar depreciated against leading currencies. Will gold and silver change course this week? We could dance around the obvious and talk about the other reports and events that are…
Financial Market Preview for September 14-18
The main event of the month is upon us – the FOMC meeting. Even though the expectations for a rate hike at this time are low, market volatility is still likely to pick up regardless of whether the Fed push…
Gold and Silver Outlook for September 7-11
Following the stronger than expected U.S. GDP report, the non-farm payroll came short of market expectations with 173,000 jobs – 47,000 jobs lower than anticipated. This news reduced but didn’t eliminate the chances of the Federal Reserve raising rates in…
Financial Market Preview for September 7-11
The recent non-farm payroll – showing a gain of only 173K jobs in August — wasn’t too impressive at first glance, but a closer look shows the report wasn’t too bad — with upward revisions of previous months, modest gain…