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The main even from last week that may have affected not only the strength of the USD but also affected commodities mainly gold and silver was the FOMC meeting. Bernanke's speech the following day may have also strengthened the USD as the U.S. economy is showing good signs of progress mainly in the labor market. This week there are many important events, decisions and publications that may affect forex and commodities markets; many of these reports refer to the U.S housing market which is still struggling. Among the reports and new items are: U.S. housing starts, GB CPI, U.S. new home sales, EU manufacturing PMI, Canada's retail sales and U.S. unemployment claims. Here is an outlook for the week of March 19th to March 23rd:
The complete ...

Gold and silver rallied from Wednesday's tumble and ended Thursday in the green. Yesterday's U.S published reports including the decline in U.S. Jobless Claims to 351k, the rise in U.S. PPI by 0.4% in February, and the rise in the Philly Fed Manufacturing Index to +12.5, may have some lingering effect during today's trading. Today the U.S. CPI will be published.
The complete daily analysis of gold and silver for March 16th
Gold bounced back on Thursday by 1.01% to $1,659.5; silver also rallied by 1.69% to $32.73.

Gold and silver took a dive and tumbled down all the way back to their levels in 2011. The lingering effects of the recent FOMC meeting may have had a key role in this turn of events. Will this downward trend continue during the day? There are many reports to be published today including: U.S. Jobless Claims, U.S. PPI, U.S. TIC Long Term Purchases and Philly Fed Manufacturing Index.
The complete daily forecast of gold and silver prices for March 15th
Gold tumbled down on Wednesday by 3.03% to $1,642.9; silver also decreased by 4.17% to $32.18. During the month, gold declined by 4% and silver by 7.1%.

Gold and silver changed directions several times during yesterday's trading but eventually ended the day with slight shifts as gold slightly declined and silver moderately rose. The recent FOMC meeting didn't introduce any new stimulus plans. The U.S retail sales report came out yesterday and showed a rise of 1.1% in February 2012. This news may have helped rally the U.S stock markets and major commodities prices. On today's agenda: Euro Area Annual Inflation and Bernanke's Speech.
The complete daily outlook of gold and silver prices for March 14th
Gold declined on Tuesday by 0.33% to $1,694.2, while silver increased by 0.5% to $33.58. During the month, gold slipped by 1% and silver declined by 3.06%.