The rally of precious metals didn’t last long as both gold and silver changed direction and tumbled down on Wednesday. Their recent fall erased their gains from Tuesday. Their unclear trend in the past couple of days doesn’t seem related…
The prices of gold and silver resumed their upward trend and rallied the first day of the month. The recent rise in precious metals prices coincided with the sharp rise of the Aussie dollar against the USD. In Australia, the…
Gold and silver rallied during most of July and August. But now that summer is over, will this recent recovery of precious metals hold up, or was it partly driven by light volumes of trade? In China, the final HSBC’s…
Gold and silver fell again for the second consecutive day. Their recent descent coincided with the fall of other leading risk currencies against the USD. In the U.S, jobless claims weekly update showed a decline of 6k in initial claims…
The prices of silver and gold changed direction and slipped on Wednesday. Their recent decline coincided with the changes in the forex markets. The recent developments in the Middle East including Syria and Egypt may have contributed to the strengthening…
The precious metals market is reheating: The prices of silver and gold sharply rose yesterday. Their rally didn’t coincide with the developments in the forex markets. But the drop in the U.S stock market including the S&P500 may have contributed…
Gold and silver didn’t do much on Monday and gold slightly declined, while silver rose again. Their small movement coincides with the developments in the forex markets as the US didn’t move much against leading currencies. In U.S, the core…
Following the publication of the recent FOMC meeting minutes, the prices of gold and silver didn’t do much in the past couple of days. The prices of gold and silver inched up yesterday. The U.S jobless claims report came out…
The much anticipated publication of the minutes of the recent FOMC meeting didn’t amount to more than a storm in a teacup: The minutes didn’t offer any additional insight about the Fed’s next move and the wording remained ambiguous. Basically,…
Gold and silver didn’t do much in the past couple of days as they both moved in an unclear trend: The price of gold changed direction and slightly rose yesterday after it had slipped a day earlier. The forthcoming publication…