The prices gold and silver remained nearly unchanged during last week, as the effect of the announcement of the FOMC to launch QE3 seems to have dissipated (for now). Further, this announcement might have been an opportunely for many traders…
The prices gold and silver remained nearly unchanged for the fifth consecutive business day after they had increased precipitately during the first couple of weeks of September. The depreciation of the Euro along with other “risk currencies” may have curbed…
The prices gold and silver didn’t do much yesterday again even though there were sharp falls in other commodities markets most notably the drop in oil prices. Housing starts rose by 2.3% in August while building permits declined. Existing home…
The prices gold and silver continued their slow movements and edged up despite the sharp fall in the prices of other commodities prices such as crude oil or the deprecation of the Euro and other “risk currencies” during Tuesday. Will…
The prices gold and silver changed direction and slipped on the first day of the week after they had risen during the past couple of weeks. Major commodities and stocks also declined on Monday. The bullion market seems to have…
The prices gold and silver continued to rally during last week, mainly following the announcement of the FOMC to commence QE3, in which it will start buying mortgage backed securities at a rate of $40 billion per month. This time,…
The prices gold and silver resumed their upward trend soon after the FOMC announced of QE3 that will consist of purchasing additional agency mortgage-backed securities at a rate of $40 billion per month. This news is likely to continue affecting…
The prices gold and silver didn’t do much again on Wednesday despite the publication of the German court ruling on EMS that approved the bailout. The next step will be to wait for Spain to officially request a bailout. Currently…
The prices gold and silver didn’t do much as the market waits for the two main events of the week regarding the German court ruling on EMS and tomorrow’s publication of the FOMC statement. Â In regards to the court ruling,…
The prices gold and silver slipped yesterday along with many other currencies pairs such as the Euro/USD and AUD/USD. It seems that the markets are still waiting for the big news items that will come later this week including the…