Guest Commentary: Gold Silver Prices Daily Outlook 10.31.2011
Gold and silver traders enjoyed from sharp gains to gold and silver prices during most of last week. The G20 summit, the FOMC meeting, the ECB rate decision and the U.S. labor report are the main events for the upcoming week that could influence bullion traders.
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Forex: Euro To Falter Ahead Of ECB, Sterling Weighed By Growth Fears
Investor confidence buckled on Monday as market participants saw little hope of finding a quick fix for the sovereign debt crisis, and the shift away from risk-taking behavior may gather pace throughout the North American trade as the fundamental outlook for the global economy turns increasingly bleak.
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Japanese Ministry of Finance Intervention Sinks Yen, But Losses Short-Lived
The Ministry of Finance unveiled a yen;3 trillion package to unilaterally weaken the Japanese Yen early in Asian trading on Monday, lifting the USD/JPY from close to its all-time low. Ahead of trading in New York, however, the Yen had already regained some steam.
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Crude Oil, Gold Vulnerable with US Dollar Poised to Extend Recovery
Crude oil and gold are under pressure as an aggressive recovery in the US Dollar amounts to a de-facto headwind. Samp;P 500 index futures hint more of the same ahead.
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Focus Turns Towards Central Banks, G-20 Summit
The Euro-zone debt crisis is on the sidelines ndash; if but for a few days ndash; as market participants eye key policy meetings as sentiment turns cautiously optimistic.
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