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Gold and Silver Outlook for February 2-6
Gold and silver took a tumble last week. The FOMC meeting didn’t have any big announcements but the bullion market reacted with a sharp fall in gold and silver the next day. On Friday, however, the GDP report was released and showed a lower than expected growth rate – on that day, precious metals bounced back as the US dollar depreciated against leading currencies. This week the US non-farm payroll will be the main report for gold and silver. Other reports to consider include: US manufacturing PMI, PCE, and factory orders, Here is a preview for February 2nd to 6th, 2015: The main report of the week is the ... (full story)