Precious metals changed direction and after they had declined during the first week of July they managed to rally on the second week. The publication of the minutes of the FOMC meeting from back in June didn't reveal anything earth shattering that will hint or suggest the FOMC is planning of another stimulus plan in the near future; a plan  to jump-start the economy and in the process likely to pull up gold and silver prices. On Friday China's GDP report came out and showed another disappointing growth rate during Q2. This news triggered reports and guesses that China might consider stimulating its economy resulting in commodities prices rising on Friday. Other U.S related news and reports include: jobless claims falling to 350k; U.S PPI edged up by 0.1% and core PPI by 0.2%. 

The complete gold and silver weekly recap analysis