The prices of gold and silver bounced back on Wednesday after they had declined a day earlier. Their recent rally coincided with the recovery of other commodities prices such as oil. U.S durable goods report came out yesterday: the report…
Precious metals continue to zigzag as both gold and silver changed course again and fell during yesterday. Several U.S reports showed a mixed signal as to the progress of the U.S economy: the flash manufacturing PMI (opens pdf) for April…
The week started on a positive note for both gold and silver as they bounced back from their plunge during last week. Yesterday, it was reported that U.S existing home sales slipped in March on account of limited inventory. The…
Gold and silver tumbled down during last week. Will gold and silver change course and rally this week? As I have stated in the recent precious metals weekly outlook, several reports may affect bullion rates. These items include: U.S new…
The prices of gold and silver eased down from their high volatility from the beginning of the week. Their prices moved in different directions: gold slightly rose while silver continued to decline. In the Forex market, the leading risk currencies…
The bullion market shifted direction again as both gold and silver resumed their downward trend that started last week. Both precious metals slightly declined yesterday along with other commodities such as oil and leading “risk related currencies” such as Euro…
Gold and silver bounced back from their tumble of the past couple of business days. This may have just been a correction to the sharp fall in their prices. Yesterday, the U.S CPI report was published: the U.S CPI fell…
Gold and silver resumed their downward trend from the end of last week and plummeted to their lowest levels in recent years. Last weeks many talked about the recommendation of Goldman Sachs to pull out of gold and the publication…
Gold and silver plummeted during most of last week. The sharpest fall came on Friday when gold declined by 4.1%; silver fell by 4.9%. The main event from last week – the publication of the minutes of the recent FOMC…
Gold and silver changed course again this time slightly rose after they have tumbled down a day earlier. Major “risk related currencies” such as the Euro and Canadian dollar also rallied against the USD. Yesterday, it was reported that number…