Gold and silver prices slipped on Tuesday after they had increased on Monday and despite the appreciation of the Euro and Australian dollar. The U.S consumer confidence declined in August. Tomorrow will start the symposium at Jackson Hole that will…
Most commodities traded down during Tuesday: the price of Brent oil declined again for the fifth consecutive day, while oil price (WTI) rose; gold and silver also traded down on Tuesday – this was after silver had increased for six…
There are renewed speculations around the future steps of the Fed and whether there will be an announcement of another quantitative easing plan in the near future. Last week’s publication of the minutes of the FOMC meeting revealed that the…
The bureau of economic analysis published today August 29th its second estimate of the growth rate of the U.S. Gross Domestic Product for the second quarter of 2012. According to the recent update U.S output of goods and services growth…
The prices gold and silver rose on the first day of the week, despite the depreciation of the Euro and Australian dollar. I suspect, the ongoing speculations around Bernanke’s speech at Jackson Hole on Friday and his position on whether…
Many commodities traded at a mixed trend during Monday: crude oil price (WTI and Brent oil) fell again for the third consecutive day; gold and silver, on the other hand, rose on Monday – this was the sixth consecutive day…
The U.S consumer confidence index changed direction and fell during August, after this index had risen during July. . According to the recent U.S. consumer confidence survey, the consumer confidence index fell in August compared with July’s index: The index…
The prices gold and silver hiked during last week, and I suspect bullion rates will continue to trade up during this week. As I have pointed out in the precious metals weekly outlook the main events of the week will…
During last week gold and silver prices hiked after they had remained nearly unchanged during the first couple of weeks of August. The renewed expectations that the Fed will issue another stimulus plan in the near future were ignited following…
During last week, the prices of precious metals resumed their rally following the renewed hopes that the FOMC will stimulate the U.S economy in the near future. The Euro also traded up against the USD. On the other hand other…