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Gold and silver continue to seek direction as they have slightly slipped yesterday after they had moderately inclined on Tuesday. There is still no new development in regards to the European debt crisis, but once there will be, it could stir up the financial markets including the precious metals market. Morgan Stanley thinks that gold will thrive in 2012 due to the European debt crisis. Today, the Philly Fed Manufacturing Index will be published, a weekly update on the U.S. Unemployment Claims and the U.S. Housing Starts and building permits.

Gold slightly slipped on Wednesday by 0.44% to $1,774.3; silver also declined by 1.84% to $33.82. During November, gold inclined by 2.8%, while silver declined by 1.5%.

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Gold and silver continue to shift with no clear direction as they slightly inclined yesterday, after they had moderately fell a day earlier. The European debt crisis continues to influence traders, resulting in the unclear path of precious metals in recent days. Today there are many items on the agenda including Euro Area CPI, American CPI and U.S. Long Term Treasuries Purchases.

For the complete report silver price and gold price outlook for November 16th see here in Trading NRG

Gold and silver changed direction and slightly slipped on the first day of the week. There are many news items on the agenda today including Great Britain CPI, Euro Area GDP for the third quarter, U.S. Retail Sales, U.S. PPI and Bank of Japan Rate Decision. Currently gold and silver prices are traded slightly down.

For the complete report silver price and gold price outlook for November 15th see here in Trading NRG

Oil prices rallies during most of last week and may also continue their upward trend in the upcoming week depending on the development in Europe and U.S. During the upcoming week there are many items on the agenda that could affect crude oil prices including Euro Area GDP for third quarter, U.S. PPI, American retail sales report and Philly Fed survey.
For the complete analysis on oil prices weekly outlook for the week of Nov 14-18 see here in Trading NRG