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Gold and Silver Outlook for June 1-5
The recent recovery of the USD provided the climate to bring back down gold and silver. Even the contraction in the US GDP during Q1 didn’t help pull up gold and silver, nor did the fall of long term treasury yields. Will gold and silver change course again? This week, the main events of reports that could move the bullion market include: ECB rate decision, NFP report, RBA rate decision, EU CPI flash estimate, U.S. factory orders, U.S. manufacturing PMI and non-manufacturing PMI. Here is an outlook for June 1-5, 2015: On Friday the second estimate for the GDP for Q1 was published and showed a drop of 0.7%, which ... (full story)