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Following the sharp changes in the Forex markets, partly due the S&P's announcement to cut the credit rating of France and Austria, this week will start with the news of S&P estimates a negative outlook for the European Union. During last week gold and silver increased, while energy commodities such as oil and NG declined. There are many news items to be published this week that could affect commodities and forex markets including: U.S. GDP growth rate for fourth quarter, U.S. new home sales report, EU's monetary development, FOMC meeting, and BOJ's rate decision. Here is an outlook for the week of January 23rd to 27th.
For the complete weekly outlook for the week of January 23rd to 27th see here in Trading NRG

Gold and silver kept their upward trend they have had during most of the first month of 2012. Despite the announcement over the last weekend by S&P to downgrade France and several other EU countries' credit rating, France and Spain didn't seem to have a problem selling their bonds during the week. The Euro and other "risk" currencies appreciated against the U.S. dollar during last week. This, in turn may have been among the factors keeping gold and silver rising during most of the week. The recent American reports including the U.S. housing starts and the U.S. Producer Price Index had declined; these reports may have also helped rally precious metals during the week.

For the complete analysis on gold ...

Gold and silver changed direction and after they had risen for two consecutive days, they have moderately decreased in yesterday's trading. Other commodities also traded down including oil (WTI). Yesterday the U.S. initial jobless claims sharply fell by 50k. Today, the U.S. existing home sales report will be published, and Canada's core consumer price index.
For the complete daily gold price outlook for January 20th see here in Trading NRG
Gold slipped on Thursday by 0.33% and reached $1,654.5; silver also decreased by 0.11% and reached $30.51. During January, gold increased by 5.6% and silver by 9.29%.

Gold and silver continued their upward trend as they have ended yesterday's trading with gains. France and Spain will commence their long term bond sales in an attempt to raise as much as €9.5 billion and €4.5 billion worth of debt, respectively. If this debt auction will go well, the Euro might trade up today. Today, the following reports will come out today: the U.S. core CPI, the ECB Monthly Bulletin, the U.S. Housing Starts and building permits report, U.S. unemployment claims, and Philly Fed manufacturing index.
For the complete daily silver price and gold price forecast for January 19th see here in Trading NRG
Gold rose on Wednesday by 0.26% and reached $1,659.9; silver also increased by 1.35% and reached $30.54. During ...