The recent developments in Europe including the higher than expected growth rate of Germany’s GDP by 0.5%, and the news that Greece is heading towards another elections, left the Euro falling again against the USD. Gold and silver prices continued…
According to the latest U.S. Census Bureau report about the new residential construction statistics for April 2012 there was an increase in housing starts but a decrease in building permits. Privately owned Housing starts rose in April 2012: the seasonally…
The Bureau of Labor Statistics published yesterday the recent report of the U.S CPI for April 2012. According to the publication the consumer price index remained unchanged and in annual terms the US CPI rose by 2.3%. The consumer price…
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 prices continued their downward trend and started off the week the same way they have ended the previous one– falling. Other commodities also fell including crude oil (WTI) and natural gas future. Finally, the Euro also sharply…
The Euro Area GDP didn’t change, i.e. the growth rate remained flat during the first quarter of 2012; this stagnation in GDP is mainly due to the growth in of Germany’s economy during the quarter by 0.5% that compensated for…
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…
Last week gold and silver prices tumbled down and thus are headed (at thus rate) to the worst performing month (so far) in 2012. This upcoming week there are many news items on the agenda that may affect the direction…
The precious metals market continued to show weakness all through last week as both gold and silver sharply fell. During the month so far gold has shed 4.82% off its value and silver tumbled down by 6.85%. At the current…
Gold and silver prices resumed their downward trend and ended the week falling. Other commodities also declined including crude oil (WTI); natural gas future continued to trade up yesterday. Finally, the Euro also resumed its descent and thus decreased in…