lior

For the complete report on gold and silver prices see here in Trading NRG
Gold and silver changed direction and sharply fell during most of December. Gold ended the month 10.5% below its initial level, and silver declined by 14.9%. What were the main factors that may have caused the sharp drop in gold and silver prices during December? Part of it might have to do with the disappointment of many investors at the FOMC for not issuing a stimulus plan (QE3); additional factors may include the ongoing uncertainty in the EU regarding the European debt crisis and signs of the U.S economy's slow recovery. So what is next for gold and silver prices in January 2012? Let's examine the metals market for December and provide a quick outlook for gold ...

The first week of 2012, much like the last week of 2011, will be a short one due to the New Years holiday on Monday, but there will be many news items on the agenda that may stir up the forex and commodities markets including: U.S. ISM manufacturing PMI, EU manufacturing PMI and Canada and U.S.'s non-farm employment reports. Here is an outlook for the week of January 2nd to January 6th.
(All times GMT):
1. Monday 2nd of January 09:00 – Europe's ISM Manufacturing PMI: This report will show the monthly change in manufacturing PMI of the Euro Zone for December 2011. During November the index fell to 46.4% - a 28 month low; this index might affect the Euro currency;
2. Tuesday 3rd of January 09:30 – Great Britain Manufacturing ...

During the last week of the year, gold and silver declined and thus continued their downward trend of December. Gold and silver declined during the month by 10.5% and 14.90%, respectively. During 2011 gold rose by 10.2% while silver declined by 9.8%. What will be next of gold and silver prices in 2012? You are welcome to check out in my recent yearly recap for 2011 and outlook for 2012.

For the complete analysis on gold and silver prices weekly recap see here in Trading NRG

Gold continued to decline yesterday, while silver changed direction and slightly rose yesterday. Both precious metals didn't do well in recent weeks, but what is up ahead for gold and silver on the last business day of 2011? Will there be a correction to the recent downward trend of precious metals? Today, China's Manufacturing PMI report will be published.
For the complete daily gold price and silver price forecast for December 30th sees here in Trading NRG