lior

During last week gold and silver didn't do much as gold slipped while silver edged up. There were several reports that were published but none of them seem to have had a substantial impact on precious metals: the Philly Fed Index rose but was still negative, i.e. the manufacturing conditions haven't improved. U.S housing starts fell during July. The American core CPI rose by 0.1% during July; the U.S PPI excluding food and energy, by 0.4%; Euro Area GDP contracted by 0.2% during Q2 2012; U.S retail sales increased by 0.8%, and finally U.S. jobless claims rose by 2k to 366k.
Here is a short forecast for August 20th to 24th; this includes a fundamental analysis of the main publications that may affect precious metals such as: U.S core ...

Oil prices continued their upward trend during last week; the gap between Brent and WTI also expanded during most of the week. During last week, WTI oil rose by 3.4%; Brent oil, by 1.9%. The concerns over the rising tensions between Iran and Israel might be contributing to the rally of oil rates. The recent news of the contraction in the EU GDP by 0.2% during Q2 2012 may have curbed the rise in oil prices. In the U.S the financial reports showed a mixed signal as to the progress of the economy: the Philly Fed index was still negative, while the retail sales edged up during July.

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