Precious metals prices changed direction and bounced back on Wednesday. Their rally didn’t coincide with the developments in the forex markets, in which the U.S dollar slightly appreciated against leading currencies such as Euro and Aussie dollar. In the U.S,…
The price of gold changed direction and fell on Tuesday after it had increased in the previous two business days. Conversely, the price of silver remained nearly unchanged. In the U.S the retail sales report came out and showed a…
During last week, gold and silver bounced back. The depreciation of the US dollar against leading currencies may have contributed to the rally of gold and silver. The decision of RBA to cut its rate by 0.25 pp may have…
The movement of gold and silver remains unclear as both precious metals prices fell at the first half of the week only to bounce back and finish the week strong. The sharp depreciation of the US dollar against leading currencies…
As many had anticipated, RBA cut its interest rate by 0.25 pp to 2.5%. This decision was expected so didn’t strongly affect the Aussie dollar yesterday. Nonetheless, gold and silver continued their downward trend and fell again. Will gold and…
During the previous week, gold and silver didn’t do much. Their unclear trend coincided with the mixed trend in the forex market, in which the Euro remained nearly unchanged against the USD while the Aussie dollar plunged by 3.82% against…
Last week the Aussie dollar tumbled down while the Euro remained nearly unchanged against the USD. In the commodities market, silver and crude oil rallied while gold and natural gas declined. In the upcoming week several reports, decisions and events…
Despite the many items that unfolded during the week, both gold and silver prices didn’t do much on a weekly scale. During the week the US dollar sharply appreciated against the several currencies including the Aussie dollar and Canadian dollar…
Following the tumble in the prices of gold and silver during June, both precious metals bounced back last month. Moreover, their rally coincided with the recovery of leading currencies such as Euro and Japanese yen against the US dollar. Many…
The Bureau of Labor Statistics published it monthly update: U.S. employment increased again but by a lower than expected pace – according to the ADP estimate, the non-farm payroll rose by 200k during May: The recent U.S. employment report, which…