Gold and silver prices tumbled down during April. The minutes of the FOMC meeting may have been the trigger for the sharpest fall in the prices of bullion in a single day in recent decades. The rise in volatility of…
Despite the high expectations that the Fed will make a change to its monetary policy, the Fed left its policy unchanged. This includes the Fed’s $85 billion a month asset purchase program. The speculations that the Fed might lower its…
The Fed left its policy unchanged for May. The FOMC concluded its two day meeting on May 1st. Based on the recent FOMC statement, The Fed decided to continue its asset purchase program that includes purchasing agency mortgage-backed securities at…
Major commodities prices tumbled down on the third business day of the week: the prices of Brent and WTI oil plunged on Wednesday; natural gas Henry Hub future (short term delivery) also declined yesterday; silver and gold prices changed direction…
The bullion market cooled down in the past several days. This low movement might start to pick up today as three main news items will close the week: today’s FOMC statement, tomorrow’s ECB rate decision and Friday’s non-farm payroll report.…
Gold and silver continued their upward trend from most of last week and rose again yesterday. The U.S pending home sales report came out yesterday and showed a moderate gain in the index: the forward looking index rose by 1.5%…
Major commodities prices increased again on the first business day of the week: the prices of Brent and WTI oil rose on Monday; natural gas Henry Hub future (short term delivery) spiked yesterday; silver and gold prices changed direction and…
Gold and silver changed course and rallied during last week. Will gold and silver continue to rise this week? As I have pointed in the latest precious metals weekly outlook, several reports and decisions will unfold during the forthcoming week…
Major commodities including oil, gold and silver rallied last week after they had tumbled a week earlier. Equities and forex markets haven’t done much during last week. The focus of attention might shift back to forex as many important meetings…
Gold and silver changed direction from their downward during the past couple of weeks and rallied during last week. Specifically, the price of gold rose by 4.18% and silver by almost 3.5%. Was this rally a correction to the sharp…