lior

The prices gold and silver remained virtually unchanged on the first day of the week as the Euro, Yen and other currencies remained unchanged yesterday. Yesterday's Euro-group meeting was concluded with little headway as the EU ministers of finance approved Greece's budget but postponed its decision of approving the next loan tranche to next week. On today's agenda: European Council Meeting, Great Britain CPI, German ZEW economic sentiment, BOE Inflation Estimate and U.S. Federal Budget Balance.

On Monday, Gold remained unchanged at $1,730.9; Silver slipped by 0.25% to $32.52. During the month, gold increased by 0.69%; silver, by 0.63%.

On Today's Agenda
European Council Meeting: In the European Council ...

Gold and silver, much like many other commodities, rose again on Thursday and thus completed a second straight day of gains. The U.S housing starts declined during June while the number of building permits increased. U.S. jobless claims remained nearly unchanged at 366k. The Philly Fed Index rose again for the August survey but was still negative, which means the manufacturing conditions aren't expanding. Nonetheless this news may have contributed to the rally in commodities and stock markets. Will this rally continue today? On today's agenda: Canada's Core CPI, and UoM Consumer Sentiment.

The complete outlook of gold and silver for August 17th at Trading NRG
On Thursday, Gold rose again by 0.78% to $1,619.2; Silver ...

The precious metals market continued to show weakness all through last week as both gold and silver sharply fell. During the month so far gold has shed 4.82% off its value and silver tumbled down by 6.85%. At the current progress this could be the worst performing month for bullion this year so far and worst since December 2011. The result of the elections in France and Greece raised the concerns that the austerity plans in these countries won't be carried through by the new elected officials. This news weakened the Euro and as a result precious metals also suffer from the strengthening of the USD. The industrial production output of China and India may have also adversely affected commodities rates. Several U.S reports came out during the ...

Gold and silver rallied yesterday and with this gain they have both advanced from their tumble at the beginning of the month. The U.S jobless claims rose and thus may have been among the factors to pull down the US dollar. Today, there are several reports to come out including: U.S CPI, Great Britain PPI and U.S TIC Long Term Purchases.
The complete gold and silver prices daily forecast
Gold bounced back and increased on Thursday by 1.22% to $1,680; silver also increased by 3.19% to $32.53.