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Gold and Silver Outlook for November 9-13

From tradingnrg.com

Gold and silver prices took another hit after the latest NFP report showed a much better than expected growth in jobs of 271K – the market expected a gain of only 179K. This news reignited the belief that the Federal Reserve will raise rates this year. And higher rates won’t vote well for the trajectory of precious metals prices. This week, the main reports to come out include: U.S. JOLTS, German GDP for Q3, U.S. PPI, China’s CPI, U.S. consumer sentiment, China’s industrial production, and U.S. retail sales. Let’s see what’s up ahead for gold and silver and how the upcoming reports and events for the week could move ... (full story)

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