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Gold and Silver Outlook for August 5-9
During the previous week, gold and silver didn’t do much. Their unclear trend coincided with the mixed trend in the forex market, in which the Euro remained nearly unchanged against the USD while the Aussie dollar plunged by 3.82% against the USD. During last week, the FOMC meeting didn’t come up with big headlines. Investors are still waiting to see when and if the FOMC will pull the trigger on tapering QE3. Until then the progress of the U.S economy may influence not only forex investors but also bullion investors. In the U.S several reports were published: the GDP growth rate was 1.7%, which was lower than ... (full story)