lior

The prices gold and silver declined for the third consecutive day. The Euro and Aussie dollar depreciated yesterday and may have contributed to the decrease of precious metals rates. Other commodities, such as oil, also decreased. The U.S jobless claims remained unchanged at 374k. Today, the symposium at Jackson Hole will conclude with the highlight will be around Bernanke's speech as many bullion traders await to see if the Chairman of the Fed will hint of the future steps of the FOMC, i.e. will the Fed issue another quantitative easing plan. On today's agenda: U.S Factory Orders, Euro Area unemployment rate, Euro Area Inflation, Canada's GDP and German Retail Sales.

The complete outlook of gold and silver at Trading NRG ...

The prices of gold and silver slipped on Tuesday after they had increased on Monday and despite the appreciation of the Euro and Australian dollar. The U.S consumer confidence declined in August. Tomorrow will start the symposium at Jackson Hole that will include Bernanke's speech on Friday. On today's agenda: KOF Economic Barometer, Second U.S GDP 2Q 2012 Estimate and .S. Pending Home Sales.

The complete outlook of gold and silver at Trading NRG

On Tuesday, Gold decreased by 0.35% to $1,669.7; Silver also fell by 0.56% to $30.96. During August, gold increased by 3.4%; silver, by 10.9%.
As seen below, the chart shows the shifts of normalized prices of precious metals during the month (normalized to 100 ...

During last week gold and silver hiked after they had remained nearly unchanged during the first couple of weeks of August. The renewed expectations that the Fed will issue another stimulus plan in the near future were ignited following the minutes of the FOMC meeting. There were also speculations that the ECB will issue a bond purchase program. In the meantime there were other reports that may have had a modest effect on the bullion market such as the rise in American new home sales during July and the increase in U.S. jobless claims by 4k to 372k.
For the complete Gold and Silver Weekly Outlook

The price of gold rose during last week by 3.3%; further, during said time the average rate reached $1,650.42 /t. Gold ...

Oil prices didn't do much during last week after they had increased during most of the month. Further, the difference between Brent and WTI also didn't change much and slightly shrunk in recent days. During last week, WTI oil edged down by 0.13%; Brent oil, by 0.48%. The recent publications of the minutes of the FOMC meeting and the rise in new home sales didn't seem to affect much the oil market.
During the upcoming week there are several reports that may affect the oil market such as: Bernanke's speech, U.S GDP for Q2 2012, China's manufacturing PMI.

For the complete oil market weekly analysis at Trading NRG
During last week, crude oil price (WTI) slipped by 0.13% and reached $95.85/b; Brent also decreased by ...