The U.S. Monetary base declined again during April by 0.67%. This news might mean that gold price will continue its downward trend during May (assuming all things being equal). The strong relation between U.S. Monetary base and the changes in…
Last week gold and silver prices slightly decreased despite their modest come back on Friday following another disappointing U.S employment report. This upcoming week there are many news items on the agenda that may affect gold and silver prices. The…
During the weekend the French second stage of the elections will be held. The Greek parliamentary elections will also take place. The results may affect the future policy steps of these countries respective governments and consequently it may also affect the…
The gold and silver markets continue to dwindle as they have finished April in the red. This was the third consecutive month for gold price to fall and the second consecutive month for silver. So far May doesn’t present any…
Following the news of the U.S. non-farm employment that didn’t present big numbers with only an 115,000 increase in employment, major commodities prices and U.S stock markets indexes plummeted. Crude oil prices sharply fell by almost 4%; natural gas future…
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.…
The U.S. labor force didn’t reach expectations and only slightly expanded during April: according to the recent U.S. employment report, which was published today, May 4th by the Bureau of Labor Statistics the number of non-farm employees rose by only…
Major commodities prices didn’t do well again and crude oil prices tumbled down during yesterdays trading. Natural gas future price bounced back and rose. Gold and silver prices also declined for the fourth consecutive business day. Finally, the Euro slipped…
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…
Major commodities prices changed direction and mostly declined throughout yesterday. Crude oil price declined by nearly 1%; natural gas future price also changed direction and plummeted; gold and silver prices also decreased for the third consecutive business day. Finally, the…