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lior

  1. Gold and Silver Weekly Outlook for August 6-10

    by
    lior
    , 08-05-2012 at 03:42 PM
    During last week gold and silver zigzagged during the week only the end it with gold slightly down and silver moderately up. There were many events that affected not only the bullion market, but also other commodities and the forex market. On Wednesday the FOMC announced it won't change its monetary policy. The bullion rates declined the next day. I have referred in a recent article on the relation between the Fed's policy and bullion prices. On Friday the non-farm payroll report came out – employment grew by 163k – higher than expected. This news rallied the forex and commodities markets.

    For the complete Gold and Silver Weekly Outlook

    Gold declined during last week by 0.83%; alternatively, during said ...
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