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Gold and Silver Outlook for October 15-19
During last week, gold and silver prices slightly declined. A couple of U.S reports may have moderately affected forex and commodities prices: the U.S PPI rose by 1.1% during September; U.S jobless claims fell by 30k to 339k. These news items may have contributed to movement of the USD against other major currencies, and consequently bullion rates. In Europe, the speculations around the future move of Greece and Spain and their debt crisis might reach new high this week as the EU Summit will be held. If the EU Summit will result in some big headlines, such as Spain making the formal request to ECB to start its bond ... (full story)
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