There are no major US economic data releases today or tomorrow. It will be a technical trade with demand from India and China as the key factors. Traders will start to take positions for next week's Federal reserve meeting. Next week’s FOMC meeting is the last meeting for outgoing Federal reserve president Ben Bernanke. Once again the US growth outlook and the US interest rate outlook will be the key.
Key factors which can cause furor in gold and silver markets are (a) FOMC meet (b) Chinese demand in the Chinese New Year of Horse (c) January US nonfarm payrolls.
Key factors which can cause furor in gold and silver markets are (a) FOMC meet (b) Chinese demand in the Chinese New Year of Horse (c) January US nonfarm payrolls.
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