Gold and silver resumed their downward trend and tumbled down yesterday. Their fall coincided with the depreciation of several currencies against the USD including Euro. Following Tuesday’s reports that showed growth in the U.S economy, yesterday the last update of…
Precious metals had a slow start this week as both gold and silver remained nearly unchanged. This slow movement may dissipate as the week will progress. Yesterday, several U.S reports came out and all showed growth: Consumer confidence for June…
After last week’s plunge in gold and silver prices, precious metals continued this trend and fell on the first day of the week. The Fed’s next move seems to keep precious metals’ high sales. Will gold and silver bounce back…
The two main events of the past couple of days may have contributed to the sharp fall of equities and commodities. These events include: The FOMC hinting it may ease down QE3 in the coming months; China’s credit squeeze, in…
Gold and silver remained flat during most of the day but the latest press conference of the Fed stirred up the forex markets. Gold and silver are currently trading sharply down – gold fell below the $1300 mark for the…
Precious metals much like many other commodities and currencies pairs haven’t done much yesterday as both gold and silver slightly declined. Other currencies including the Aussie dollar and Canadian dollar also slightly fell against the USD. Yesterday, U.S housing data…
Gold and silver prices haven’t dome much in the past several days as precious metals traders are waiting for to see what the Fed will do next. Today the FOMC meeting will commence will conclude tomorrow with a statement and…
Precious metals continue to zigzag and gold and silver rates declined yesterday after they rallied a day earlier. Conversely, leading currencies such Euro and Aussie dollar rose against the USD yesterday. In the U.S, retail sales slightly increased by 0.6%;…
Gold and silver prices continue to seek direction as both precious metals bounced back yesterday. Their rally coincided with the fall of U.S equity markets. On the other hand, leading currencies including the Euro and Aussie dollar rallied against the…
Gold and silver prices changed direction and slipped yesterday. In the forex market the big movement came from Asia as the Japanese yen sharply strengthened following Bank of Japan’s recent monetary policy meeting. The Bank decided to keep its policy…