The bullion market cooled down again last week even though the recent FOMC statement was relatively balanced and the market’s reaction was relatively calm. This upcoming short week is likely to entail low volatility as the year is winding down. The main reports for the week include: U.S. GDP for Q3 (final estimate), core PCE, new home sales, core durable goods and existing home sales. Here is an economic preview for December 22nd to 26th and a rundown of last week’s main events. Last week’s FOMC meeting concluded with, as expected, a change in the wording of the statement: The FOMC omitted the term “considerable ... (full story)