Gold and silver prices didn’t do much in the past couple of days and only slowly slid down after the publication of the FOMC statement following its meeting. The ECB left its policy unchanged as Draghi reiterated his pledge for…
As anticipated the FOMC left its policy unchanged in the last meeting, which ended today July 31st. In the released statement, the FOMC stated it will maintain its current $85 billion a month of long term securities until the U.S…
The bureau of economic analysis published today July 30th its first estimate of the growth rate of the U.S. Gross Domestic Product for the second quarter of 2013. Based on the current report, U.S output of goods and services growth…
Major energy commodities including oil, and natural gas fell during last week while precious metals rallied. Equities markets slightly pulled back, while in the forex markets the US dollar depreciated against leading currencies including Euro and Japanese yen. In the…
The spike in gold and silver prices didn’t last long and following their spike on Monday, precious metals changed direction and slipped on Tuesday. The recent disappointing manufacturing PMI for China, in which the PMI index estimated by HSBC fell…
During last week, gold and silver didn’t do much. Their rally coincided with the depreciation of the US dollar against currencies such as Euro and Japanese yen. Bernanke’s testimony reminded that the Fed won’t taper QE3 until the U.S economy…
The summer days may have pulled back the volatility in the financial markets as leading commodities such as oil, natural gas and gold didn’t do much during last week. Leading currencies including Euro, Japanese yen and Aussie dollar rallied against…
Gold and silver haven’t done much on Thursday. Their little movement coincided with the slow movement in the forex market. Bernanke’s testimony in Senate didn’t offer much additional insight as to the Fed’s future steps regarding tapering QE3. In the…
The financial markets didn’t experience high volatility during yesterday. Gold and silver markets also remained relatively poised as all eyes will be towards the upcoming testimony of Bernanke in the House. This testimony could have a strong effect on precious…
During last week, gold and silver changed direction and rallied along with other commodities prices. Their rally coincided with the depreciation of the US dollar against currencies such as Euro and Japanese yen. The recent publication of the minutes of…