Following yesterday’s FOMC meeting, in which it was decided to maintain $85 billion a month asset purchase program. From the FOMC’s statement: “…the Committee decided to await more evidence that progress will be sustained before adjusting the pace of its…
The prices of gold and silver started off the week on a positive note as both metals bounced back from last week’s tumble. But this rally might not last long with the FOMC meeting will reveal a change in its…
Leading commodities prices have changed direction and tumbled down during last week: Oil, gold and silver plummeted last week after they had rallied during most of August. The highly anticipated FOMC meeting will take place this week and could stir…
The gold and silver market has cooled down last week: The price of gold fell by 5.61%; silver plummeted by 9.10%. In anticipation for next week’s FOMC meeting, the market may have adjusted to the possibility that the Fed won’t…
Gold and silver plummeted on Thursday: Gold price tumbled down by 2.43% and silver by 4.42%. Is the market changing its perspective regarding the FOMC’s next move? It remains unclear whether the Fed will taper QE3 next week. Some analysts…
The prices of gold and silver tumbled down on Tuesday; their recent decline coincided with the drop of the price of oil over 2%. Some suspect the developments in Syria have affected not only crude oil prices but also other…
Several commodities continued their general upward trend: Last week, leading commodities including oil and silver rose again. Conversely, some other commodities such as gold and natural gas changed direction and fell. In the forex market, leading currencies including Aussie dollar…
The Bureau of Labor Statistics came out with it monthly report: Total U.S. employment rose at a lower than expected rate – according to the ADP report, private non-farm payroll increased by 176k during August: The latest U.S. employment report,…
The prices of gold and silver resumed their upward trend and rallied the first day of the month. The recent rise in precious metals prices coincided with the sharp rise of the Aussie dollar against the USD. In Australia, the…
Gold and silver rallied during most of July and August. But now that summer is over, will this recent recovery of precious metals hold up, or was it partly driven by light volumes of trade? In China, the final HSBC’s…