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Gold and silver slightly increased on Friday and may continue this slow-paced trading on the last day of the month. Spain published its GDP report: Spain's GDP had contracted by 0.3% in the first quarter of 2012 – the same rate as in the previous quarter. This is another report showing the economic slowdown Spain is at. Currently this news doesn't seem to have much of an effect on the financial markets. In a recent report by the IMF Mexico, Russia and Turkey added to their gold reserves about 44.8 metric tons during March (A more details analysis on gold holding is in the recent May report).
On today's agenda: EU Monetary development, Canada's GDP and China's Manufacturing PMI.
The full daily analysis on gold and silver ...

Last week gold slightly increased despite the expectations that the FOMC meeting will adversely affect bullion prices. Silver price slightly declined last week. The U.S GDP for Q1 2012 didn't reach expectations and may have been among the factors to pull up precious metals prices on Friday. This upcoming week there are many news items on the agenda that may affect gold and silver. The main events of the week will revolve the U.S manufacturing production, U.S non-farm payroll report and ECB rate decision and monetary policy.
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Gold moderately rose during last week by 1.34%, while silver slightly declined on a weekly scale by 0.97%.
Furthermore, during last ...

Despite the high expectations for dramatic turns during last week's big news items including the FOMC meeting and U.S GDP for Q1 2012, eventually there were little movements in the forex and commodities. As we are entering a new month and a new week, let's examine the main events and news items that may affect the financial markets including: U.S ISM manufacturing PMI, ECB rate decision, EU M1, M3, China's manufacturing PMI, Canada's GDP, U.S non-farm payroll report and U.S. jobless claims. Here is an outlook for the week of April 30th to May 4th :

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Monday, April 30th
09:00 – Euro Area Monetary Development: This monthly report will present the ...

The FOMC kept the policy unchanged but also didn't take off the table the possibility of another stimulus plan in the future. Following this news, gold and silver only slightly declined and didn't tumble down as was the case in the previous FOMC meeting. The recent U.S GDP estimate for the first quarter of 2012 didn't hit expectations, even though it is still a good result. This news may have slightly affected bullion to trade up on Friday. The S&P's announcement to downgrade Spain's credit rating and also to criticize the EU handling the debt crisis also didn't seem to have much of an effect on commodities markets during last week. In the past three weeks gold remained in the $1630-$1680 range and it seems that the recent news and events ...