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Gold and Silver Outlook for May 25-29
The FOMC released the minutes of the last meeting. The news about the minutes was enough to pull up the U.S. dollar against leading currencies and drag along the way gold and silver. The odds of the FOMC raising rates in the coming meeting this year rose last week, which also put additional pressure up gold and silver prices. This week, the main report to be in the lookout is the U.S. GDP for Q1, second estimate. Other reports and events include: U.S. pending and new home sales, EU monetary development, U.S. durable goods, German consumer climate, unemployment claims, and U.S. consumer confidence. Here is an outlook ... (full story)