Gold and silver prices took a sharp turn and sharply rose yesterday. Gold recorded the sharpest single day gain this year (UTD). The Philly Fed Index tumbled down to -5.8 in May; this news may have rallied bullion prices but…
Gold and silver prices tumbled down again during yesterday along with other commodities prices. The new elections in Greece will be held on June 17. In the meantime the ECB temporarily stopped lending to several Greek banks. Did the minutes…
Gold and silver prices continued their downward trend during yesterday’s trading despite the slightly positive news of the higher than expected growth rate of Germany’s GDP in the Q1 2012 (a growth rate of 0.5%); the news of the new…
Gold and silver prices declined again yesterday and thus both metals were traded down in eight out of the ten business days in May (so far). The speculation around the next move in the EU following the shift in the…
Gold and silver continued their descent on Friday following the publication of the U.S PPI report in which the core producer price index rose by 0.2% during April; the core PPI tends to be negatively correlated with gold price and…
Gold and silver prices didn’t do much yesterday and gold edged down while silver moderately declined. The U.S jobless claims didn’t reveal a major shift in the number of claims. The American trade deficit increased. And China’s industrial output growth…
Gold and silver prices continued their descent during yesterday. As a result of yesterday’s fall gold reached its lowest level since December 2011l. The price of silver is the lowest since January 9th 2012. There still growing concerns that the…
Gold and silver prices tumbled down during yesterday’s trading. This fall didn’t come after a fundamental change but rather on account of the recent developments in Europe, in particular the aftermath of the recent elections in France and Greece. This…
Gold and silver prices resumed their downward trend on Monday as they have declined in the past five out of sic business days. The results in the French and Greek elections may have had a slight negative effect on the…
Gold and silver prices bounced back on Friday following the disappointing U.S employment report that may have been among the key factors in dragging down the U.S stock market and oil prices, while pulling up bullion prices. The French elections…