lior

Last week gold and silver started off falling but by they have bounced back during the last few days. There were several reports and statements that helped rally the Euro. GB's GDP contracted in the second quarter of 2012; ECB President Mario Draghi's pledge to preserve the Euro; the number of new home sales sold and the pending home sales also declined; by Friday the second quarter U.S GDP expanded by only 1.5%, which wasn't much different than many had anticipated. These events and reports may have also contributed to the rise in bullion rates.

For the complete Gold and Silver Weekly Outlook

In anticipation for next week's FOMC meeting the members will probably consider the low growth of the U.S GDP, the ...

Oil prices started off the week with a sharp tumble but throughout the rest of the week both Brent and WTI recovered. The news of the decline in new home sales and pending home sales didn't seem to affect the oil market. Even the modest growth in U.S GDP for Q2 didn't seem hold back the recovery of oil prices. During the week, WTI oil declined by 1.43%; Brent oil, unlike WTI, finished the week 0.55% higher than the previous week.
During the upcoming week there are several reports that may affect oil market including the U.S non-farm payroll report, FOMC meeting, manufacturing PMI of China and U.S and EIA weekly oil report.

For the complete oil market weekly analysis at Trading NRGhttp://www.tradingnrg.com/crude-oil-price-forecast-for-july-30-august-3-2012/ ...

Precious metals started off the week in the same direction from the previous week – trading down. This direction changed coming Wednesday when both metals along with other commodities rates and "risk currencies" rose. The news of the contraction of GB's GDP during Q2 and ECB President Mario Draghi's statement to preserve the Euro helped rally these markets. The decline in number of new home sales sold and the pending home sales may have also contributed to the weakening of the USD. The jobless claims changed direction and declined to 353k. On Friday U.S GDP estimate for Q2 was released and showed the U.S economy expanded by only 1.5%, which wasn't much different than many had anticipated.

The complete gold and silver ...

Gold and silver changed direction and pace as both precious metals bounced back on Wednesday. Yesterday it was reported that, in Q2 2012 Great Britain's Gross Domestic Product contracted by 0.7%. This news may have contributed to the rally the Euro and weakened the GBP. The rally of the Euro during yesterday coincided with the recovery of major commodities rates including oil and gold prices. New home sales declined by 8.4% during June (M-o-M). This news may have also positively affected precious metals rates. On today's agenda: U.S. pending Home Sales, U.S Core Durable Goods, U.S. Jobless Claims Weekly report, Euro Area Monetary Development.
For the complete outlook of gold and silver for July 26th

Gold hiked on Wednesday ...