Gold and silver prices sharply declined for the fourth consecutive business day. Yesterday both metals were traded down following the U.S jobless claims and sharply fell even below expectations. On the other hand the U.S non-manufacturing PMI dropped to 53.5.…
Gold and silver prices decreased for the third consecutive business day. The recent news from Europe of the unemployment rising to 10.9% didn’t help the Euro. Today’s ECB rate decision might play a role in the foreign exchange and commodities…
Gold and silver prices slightly declined on Tuesday. The news of the rate reduction of RBA adversely affected the Aussie dollar. The U.S manufacturing PMI increased to 54.8, an increase of 1.4 from March’s reading. China’s manufacturing PMI didn’t reach…
Gold and silver prices continued to dwindle yesterday: both metals prices slightly declined on the last day of the month. Earlier today the RBA announced it will cut its interest rate by 0.5 percent point to 3.75%. This rate reduction…
Gold and silver prices slightly increased on Friday and may continue this slow-paced trading on the last day of the month. Spain published its GDP report: Spain’s GDP had contracted by 0.3% in the first quarter of 2012 – the…
Gold and silver prices sharply rose yesterday and thus rallied from their decline on Wednesday. Bank of Japan announced it will expand stimulus and will purchase government bonds by 10 trillion yen (roughly $124 billion). This means the asset purchase…
Gold and silver prices didn’t react to the recent FOMC statement to keep policy unchanged. Both metals slightly declined yesterday, while many other commodities increased and the U.S dollar depreciated against the Euro and Aussie dollar. It seems that the…
Gold and silver prices didn’t do much yesterday but this may change today. The statement of the recent FOMC meeting will be released. Furthermore, the FOMC projection on the U.S economy will also be published. The release of these reports…
Gold and silver prices started off the week falling, much like the rest of the market including the Euro, oil prices, and stock markets. The disappointing manufacturing PMI of China and Euro-zone that contracted by 49.1 and 46, respectively may…
Gold and silver prices ended on Friday with little movement, and this might continue during today’s trading. Currently gold and silver prices are slightly falling. On today’s agenda: China and EU flash manufacturing PMI. Here is a short outlook on…