News Events Impacting Gold And Silver 2015, 22.03 - 29.03

News Events Impacting Gold And Silver 2015, 22.03 - 29.03

24 March 2015, 18:11
Sergey Golubev
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Both gold and silver were consolidating during the first days of the week. Gold tested a couple of times the $1145 level and silver $15.45. However, those key support zones did hold, and both metals went sharply higher on the Fed announcement on Wednesday that they would not rise interest rates in the short run. After a small consolidation on Thursday, both metals went again meaningfully higher on Friday. In relative terms, silver has done much better during the rallies. Are these early signs that silver is about to outperform gold? We will need more confirmation before getting too excited, but the early signs are surely encouraging.





For the week commencing March 23d, some economic data are scheduled to be announced but there is no central bank decision planned, as seen in the table below. Mr. Draghi and Mr. Yellen will have each one a speech during the week, but they are not announcing a decision from the central bank. CPI in the U.S. and new home sales are scheduled on Tuesday; unless the CPI will be very surprising, these are not the type of economic data that are moving precious metals prices. However, the U.S. GDP data on Friday have the potential to create some volatility in markets and metals.

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