Gold and Silver Outlook This Week

Gold and Silver Outlook This Week

After the FOMC Chairman Yellen testimony, in which he did not rule out the possibility of interest rates slashed to the negative territory and at the same time retaining the same mantra that the decision to raise the interest rate will depend on the data, the market has yet to be calm. The shake-up also faced by Deutsche Bank adds to thepressure on stocks and bearish market sentiment is intensifying. At the time theparticipants stress the market called it a "gold buster", where only the gold and silver,probably since the beginning of the year and in recent weeks, gold and silver streakedup. Whether the rally will continue to take place? This week there will be: U.S. CPI,minutes of the meeting of the FOMC, GDP Japan fourth quarter, Germany economic sentiment, China's CPI and housing figures and the U.S. trade balance which couldaffect the price of gold. Following are the gold and silver outlook this week.

The main event this week will be the FOMC meeting minutes of the vicinity of LunarJanuary. At that time, the Fed did not change its policies. So the meeting will give a little view of what will be planned by the Fed. The new plan, which just a few months ago predict interest rate rise 4 in 2016, it looks already outdated in this situation now.Based on the Fed-watch the last interest rate increase probabilita, in the month ofMarch were down to only 4%; the increase in June probabilitanya dropped to 14%. At the end of 2016, the market was still estimated the interest rate the Fed probabilitaAscension of 0.47% – which means there is not even one kenaikanpun in this year.

The Fed likely will not raise interest rates in March, bolan and not even samasekali for this year. it have impact for Gold and Silver Outlook This Week. The reduced expectations for a rise in interest rates along with market sentiment that is "bearish" has made gold and silver rally occurrence lately. The meeting also could show whether the Fed was concerned with economic growthlately. If the members of the FOMC gave further uncertainty about the progress of the economy then the us, then this will could give fuel to increases the demand for the precious metal.

Although the Euro and the Yen have been terapresiasi against the USD since the beginning of February, this trend has not yet been made down the rise in gold and silver. The bearish market sentiment does want to continue on this week? If this happens it will continue to encourage the rise of precious metal with the more peopleback into bullion with they consider gold as a "safe haven" in times of EconomicDepartment is uncertain.

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Essentially, markets are heating up with bullion market is still waiting for the gloomytidings about the condition of the u.s. economy. Also the latest news about theproblem faced by some banks in the European Union – particularly Deutsche Bank –has also provided a boost to demand for the precious metal. All this sentimentcontinues and the market continues to revise down outlook about where will interest rates gone – gold and silver will likely continue to rise.