Here are several factors that may have pressured down of gold and silver prices during the month
Monday, December 3, 2012
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(1) The FOMC minutes and Bernanke’s speech didn’t reveal any additional hints regarding the future plans of the FOMC in the next meeting.
(2) The recent U.S non-farm payroll report was higher than expected and thus lowered the chances of an intervention of the FOMC in a form of a additional stimulus plan.
(3) The sharp fall in the U.S jobless claims during most of November.
(4) The deprecation of the Indian Rupee may have curbed the demand for gold in India, among the leading importers of gold.
(5) Several currencies deprecated against the USD including the yen and Canadian dollar; this may have pulled down bullion prices.
(6) The improvement in the U.S as presented by the rise in housing starts and U.S GDP; this slow growth is likely to cut the odds of the FOMC intervening again in the near future.
(7) The failed attempts of EU policymakers on the multi year budget of the EU countries.
(8) The fall in the U.S money base during previous months.
For more updates on Gold & Silver join Ayman Khlifat on Twitter https://twitter.com/aymankkhlifat
(1) The FOMC minutes and Bernanke’s speech didn’t reveal any additional hints regarding the future plans of the FOMC in the next meeting.
(2) The recent U.S non-farm payroll report was higher than expected and thus lowered the chances of an intervention of the FOMC in a form of a additional stimulus plan.
(3) The sharp fall in the U.S jobless claims during most of November.
(4) The deprecation of the Indian Rupee may have curbed the demand for gold in India, among the leading importers of gold.
(5) Several currencies deprecated against the USD including the yen and Canadian dollar; this may have pulled down bullion prices.
(6) The improvement in the U.S as presented by the rise in housing starts and U.S GDP; this slow growth is likely to cut the odds of the FOMC intervening again in the near future.
(7) The failed attempts of EU policymakers on the multi year budget of the EU countries.
(8) The fall in the U.S money base during previous months.
For more updates on Gold & Silver join Ayman Khlifat on Twitter https://twitter.com/aymankkhlifat
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Forex And Commodities
