There were high expectations in the gold and silver markets for this week’s FOMC meeting that eventually didn’t have any apparent effect on precious metals prices. Thus quoting T.S Eliot: “This is the way the world ends; Not with a…
Major commodities prices continued their recovery yesterday. Gold and silver prices increased for the second consecutive day. Crude oil prices continued their upward trend for the fourth consecutive day. Natural gas future prices also finished yesterday rising. Finally, the Euro…
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…
The bureau of economic analysis published today its first estimate of the growth rate of the U.S. Gross Domestic Product for the first quarter of 2012. The report showed the U.S GDP rose by 2.2% in Q1 2012. According…
Major commodities prices rallied yesterday. Gold and silver prices bounced back from their slip a day earlier. Crude oil prices continued their upward trend. Natural gas prices also sharply increased yesterday. Finally, the Euro edged up again against the U.S.…
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…
Despite expectations of a market reaction to the recent FOMC meeting, it was eventually a storm in a teacup as the market hadn’t reacted to the news. The FOMC kept policy unchanged. Gold and silver prices slightly declined on Wednesday.…
According to the latest U.S. pending homes sales report, which was published today by the National Association of Realtors, the real estate market has changed direction again as pending home sales rose during March 2012; furthermore the March 2012 U.S.…
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 bounced back on Tuesday following their decline a day earlier. This may change today in anticipation for the upcoming statement of the recent FOMC meeting. Crude oil (WTI) also traded up, while Brent oil edged down.…