Precious metals didn’t do much last week and their rally of the past several weeks seems to have reached an impasse. Yellen’s speech at the IMF had a dovish tone as she restated a rate isn’t likely to occur anytime…
The financial markets cooled down last week as oil prices declined and natural gas and precious metals remained nearly unchanged. This week, several economic reports will be released including minutes of the recent FOMC meeting, JOLTS, and jobless claims. In…
The prices of gold and silver remained stable for the second consecutive week. This time, their modest rally at the beginning of the week came to a halt on Thursday following the release of the NF payroll report, in which…
The gold and silver markets have made their biggest comeback since February of this year. Their rally may have stemmed by the escalations in Iraq and the latest FOMC meeting. But this rally didn’t lead to a sharp rise in…
In the recent Bureau of Labor Statistics monthly update, total U.S. employment increased 288K – slightly above market expectations. The ADP report showed that private non-farm payroll grew by 281K during June. According to the recent U.S. employment report, the…
Gold and silver slightly rose last week and thus rallied in the past four consecutive weeks. During last week, the U.S GDP growth rate was revised down to -2.9%. This news may have contributed to the recovery of precious metals…
The energy commodities markets cooled down during last week as oil and natural gas prices changed course and fell. Precious metals remained virtually unchanged. This week, in the U.S several economic reports will be published including non-farm payroll, manufacturing and…
The bullion market didn’t do much during last week, after silver and gold rallied for three consecutive weeks. Despite their slow movement, both gold and silver ended the week with modest gains. The main news from last week was the…
The prices of gold and silver resumed their upward trend at the end of last week following the FOMC meeting. The FOMC’s statement had a general dovish overtone; Chair Yellen also kept the tight lid on the Fed’s future plans…
Last week’s FOMC meeting concluded with more dovish tone than many had expected. This news may have contributed to the recovery of precious metals and slightly rally of the USD. This week, several key reports will be released that could…