-
Gold and Silver Outlook for July 18-22
Now that the U.S. economy is showing signs of recovery including the better than expected NFP report and retail sales, the market is slowly adjusting again to a possible rate hike this year. And higher rates also mean a slower pace of rally for both gold and silver – as was the case last week. The BOE also didn’t move on providing more stimulus by not cutting rates, which strengthened the British pound. This week, all eyes will move towards the ECB as Draghi will take center stage and offer some insight behind what’s next for its monetary policy. There aren’t many economic reports coming from the U.S. – ... (full story)