Gold And Silver - Daily Outlook May 25

By Lior Cohen: Gold and silver prices are currently falling down after

By Lior Cohen:Gold and silver prices didn't do much yesterday but this may change today. The statement of the recent FOMC meeting will be released. Furthermore, the FOMC projection on the U.S economy will also be published. The release of these reports will be followed with a press conference.

By Lior Cohen:The prices of gold and silver moved with an unclear trend during last week, but I suspect bullion rates could trade down during this week.

By Lior Cohen: Gold and silver didn't do much yesterday and gold edged down while silver moderately declined. The U.S jobless claims didn't reveal a major shift in the number of claims. The American trade deficit increased. China's industrial output growth didn't match expectations as the retail sales rose in April by only 14.1% compared to a year earlier, the least since February 2009.

By Lior Cohen:The prices of gold and silver went up last week, and I suspect bullion rates will continue to trade up during this week.

By Lior Cohen:Gold and silver edged up on the last day of the week; on a weekly scale both precious metals also increased.

By Lior Cohen:Gold and silver bounced back on the last day of last week but this rally might not last long. According to the recent Chinese GDP report for Q2, China expanded by only 7.6 in annual terms. There are many items of today's agenda including: Euro Area Annual Inflation, U.S. Retail Sales Report and Monetary Policy Meeting Australia's Bank. Currently gold and silver are falling.

By Lior Cohen:Gold and silver changed direction and rallied during last week. Will precious metals continue to rise during this week? As I have pointed out in the precious metals weekly outlook, there are several events and reports that could affect the bullion market.