According to the recent Bureau of Labor Statistics monthly report, total U.S. employment didn’t rise as many had anticipated: Based on the ADP update, private non-farm payroll rose by 175k during January: The recent U.S. employment report, which was published…
The first FOMC meeting of the year ended with another mini-taper of $10 billion; thus, the FOMC’s asset purchase program will purchase $65 billion a month of LTS and MBS. This decision may have had a moderate adverse effect on…
Gold and silver changed direction and fell last week mainly following the latest FOMC’s decision to cut down again its asset purchase program by an additional $10 billion to $65 billion a month. This mini-taper was expected and yet it…
Last week’s FOMC decision to cut further its asset purchase program by another $10 billion to $65 billion a month may have contributed to the rally of the US dollar and the decline of precious metals prices. This upcoming week…
Gold and silver slowed down and slipped during last week mainly on Thursday following the recent FOMC’s decision to cut down again its asset purchase program by an additional $10 billion to $65 billion a month. This mini-taper was expected…
The latest recovery of gold price is likely to benefit investors of gold ETFs such as SPDR Gold (NYSEMKT: GLD) and iShares Gold Trust (NYSEARCA: IAU). Leading gold ETFs have rallied in the past several weeks after they declined during…
The prices of gold and silver bounced back from their fall on Tuesday and slightly rose on Wednesday. The recent FOMC meeting ended with another tapering of $10 billion, so that the asset purchase program is now $65 billion a…
Gold price continued to slowly recover during last week, while silver changed course and fell. The weakness in the equities markets and the depreciation of the US dollar against the Euro and Japanese yen may have contributed to the rally…
The precious metals market didn’t move in concert as price of gold slightly rose while silver slipped during last week. Moreover, the foreign exchange market also had a busy week as the US dollar sharply depreciated against the Euro and…
The prices of gold and silver changed course and after a two day fall, they have bounced back on Thursday. Their recent rally coincided with the sharp appreciation of leading currencies against the USD including Euro and Japanese yen. In…