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Gold and Silver Outlook for March 7-11
Gold and silver started off March with a bang: Their rally came even though the U.S. dollar didn’t do much against the Euro or the Yen, and the long term interest rates starts to rise again. Even the recent NFP report, which showed a higher than expected gain in jobs, didn’t hold back precious metals prices. And while the markets are likely to further digest this news at the start of the week, the focus will shift from the U.S. to Europe and China. This week’s main reports and events include: ECB’s rate decision, China’s trade balance, BOC’s rate decision, Japan’s GDP for Q4, and China’s CPI. Here is ... (full story)