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Gold and Silver Outlook for August 3-7
Never a dull moment for bullion investors in the past months: Last week, bullion prices bounced back, even though other major commodities mainly in the energy sector kept coming down. The rally came when the FOMC, wait for it, didn’t change the monetary policy – were you surprised as me? But the market considered this statement a bit more dovish and as such the expectations for a rate hike in September were revised down. This week, the main event of the week includes the non-farm payroll report that will be released on Friday. Other events and reports to consider are: U.S. core PCE, factory orders, manufacturing ... (full story)