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Gold and Silver Forecast for November 24-28
The prices of gold and silver recovered again in the past week mainly by the end of the week following the recent decision from Beijing to slash the interest rate in order to deal with the economy’s sluggish growth rate in recent quarters. The FOMC released the minutes of the last meeting and didn’t provide big headlines or change its hawkish tone enough to pull back up precious metals. This week, before the U.S. holidays start, the main reports to come out include: Third quarter GDP, core PCE, core durable goods, new and pending home sales, and consumer confidence. Other events and reports include: German ... (full story)