lior

Last week gold and silver prices continued to zigzag with an unclear trend until Friday when both metals along with the rest of other markets including forex, commodities and stocks hiked. The EU Summit and the conclusion from it had a lot to do with rally. Will commodities continue to rise this upcoming week? This upcoming week there are several publications on the agenda that may affect gold and silver prices. The main events will revolve around U.S employment report (non-farm payroll report), U.S manufacturing and non-manufacturing PMI, Euro Area interest rate decision, jobless claims, and Canada's employment report.

For the rest of the Gold and Silver Prices Weekly Outlook

Gold and silver didn't do much yesterday as gold edged up while silver slipped. The rise in U.S pending home sales index and U.S core durable goods as indicated in their respective reports, may have contributed to the rise in stocks and commodities prices. The EU Summit will start today. If there will be big headlines coming out of the Summit, it could affect forex and commodities markets. I suspect it will end up to be another storm in a teacup. On today's agenda: U.S Jobless claims weekly update, U.S. GDP for Q1 (final estimate) and Great Britain Current Account.
The full daily outlook of gold and silver for June 28th
Gold edged up on Wednesday by 0.22% to $1,578.4; silver on the other hand declined by 0.338% to $27.0. During ...

Oil prices tumbled down during last week along with many other commodities rates such as gold and silver. The FOMC revised down its projection on the U.S economy and in an effort to help jump-start the economy extended its operation twist without adding another expanding stimulus plan This news may have been among the reasons for sharp fall of crude oil prices during last week.. The U.S Philly Fed Index also didn't come out positive and declined in June. If the upcoming U.S reports will continue to show weakness it could further drag down oil prices.
During the upcoming week there are several reports that may affect oil rates including the U.S new home sales, U.S GDP for Q1, core durable goods and U.S jobless claims.
For the ...

Last week gold and silver started off with little movement but by Thursday both precious metals tumbled down. The FOMC decision to continue operation twist throughout the rest of 2012 by $267 billion and not to introduce QE3 may have been among the factors to pull down bullion rates. The Fed also revised down the U.S economic outlook which also may have dragged down commodities prices. Several other U.S related reports came out last week and showed the U.S economy isn't expanding: Philly Fed index declined in June to its lowest level this year; existing home sales had an upward trend during last week. U.S jobless claims didn't change much and declined by only 2k last week.

Gold plunged during last week by 3.76%; Silver, even ...