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Gold and Silver Outlook for June 6-10
The NFP report made it rain again for the gold and silver as their prices recovered following the extremely lower than expected headline figure of only 38K jobs in May; even the mitigating factors (the Verizon labor dispute) could have accounted for the low number. This news was enough to bring back up gold and silver prices and nearly erase the adverse impact the hawkish FOMC minutes had on them. Now all eyes are set at Chair of the FOMC Yellen, who is expected to talk on Monday; a dovish statement could go a long way in brining further up gold and silver and driving down the chances of a rate hike this year. Other ... (full story)