Gold and Silver Prices Outlook for September 10-14

In conclusion, I guess gold and silver will continue to trade up on a weekly scale but at a slower pace then they did during the previous week. The hike in bullion rate on Friday, mainly due to U.S non farm payroll report, might suggests the bullion market raises the chances of another QE program. The upcoming FOMC meeting could further pull up the bullion market. Even if the FOMC won’t announce of QE3 and will only allude to the fact, it could pull up gold and silver. I still think that the FOMC won’t announce just yet of another QE program. The positive news from Europe regarding the bond purchase program helped the recovery of the Euro and consequently also rallied commodities. The upcoming Euro council meeting and the German council ruling on the bailout fund could also affect the Euro. The upcoming interest rate decisions by Swiss National Bank could affect the forex markets in Europe if the bank will change the rate. The main U.S reports of the week will be the U.S CPI, PPI, trade balance and retail sales. If these reports will show growth, this could rally the commodities and stocks markets.  Finally, if the Euro, Aussie dollar and other exchange rates will continue to appreciate against the USD, this could also positively affect precious metals.

Source;  http://www.tradingnrg.com/gold-and-silver-prices-outlook-for-september-10-14/