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The price of gold and silver changed direction again and declined during the last week of November. The recent EU Summit resulted in approving the Greek bailout, which may have contributed to the rally of the Euro. Albeit it didn't seem to curb the fall of precious metals prices. Several other reports were published during last week and may have moderately affected forex and commodities markets: the U.S jobless claims declined by 23k to reach 393k; the U.S GDP for Q3 2012 was revised up to 2.7% (annual growth); new home sales edged down in October while pending home sales rose by 5.2%. These news items may have contributed to fall of precious metals during the week as these reports are mostly positive on the U.S economy.
Gold price ...

The prices of gold and silver changed direction again and traded up during most of the week. The week was short on account of Thanksgiving. There were, however, some reports that these parities may have gotten closer to a resolution which could be concluded next week. Moreover, the recent positive news of the rise in the manufacturing PMI (flash report) in China may have also positively affected the prices of commodities. Several other reports were published during the week and may have had a moderate effect on the forex and commodities markets: the U.S jobless claims sharply declined by 41k to reach 410k; the U.S housing starts rose by 3.6%. These news items may have contributed to modest fall of precious metals at the middle of the week. ...

The prices of gold and silver changed direction again last week and edged down. Moreover, the high volatility of precious metals from the beginning of the month has eased down during last week. Will this low volatility continue during this short week? This week the U.S will celebrate Thanksgiving; this could lower the trading volume in all major markets and thus may raise the volatility by the end of the week. Last week, the minutes of the recent FOMC meeting didn't reveal any information regarding the Fed's next step. Further, Bernanke's speech also didn't seem to affect the bullion market. The Euro group is likely to decide on the Greek bailout this week. During last week, several other reports were published that may have slightly affected ...

The prices of gold and silver continued last week their downward trend. Will this downward trend progress this week? The U.S manufacturing PMI edged up during October to reach 51.7%; jobless claims decreased by 9k to reach 363k. These reports may have contributed to downfall of precious metals rates. Further, the U.S non-farm payroll may have had a negative effect on precious metals prices and other commodities prices on Friday. During the last week, the Euro/USD declined by 0.83%; further, the Aussie dollar also depreciated against the USD by 0.36%. This downward trend may have contributed to the decline of bullion rates.
The main reports and events that may affect the bullion markets are: U.S Presidential elections, Euro-group meeting, ...