Gold and silver ended on a positive note and may continue throughout the first day of the week. According the results of the recent Greek elections the Pro-bailout parties won and will try to form a coalition. This news eases the concerns (for…
Last week gold and silver prices didn’t do much; Gold had a steady upward trend; silver increased every day except on Thursday. Despite the testimony of Bernanke from the previous week, the speculations continue to run high of the Fed…
In the upcoming FOMC meeting to be held between June 19 and 20 many bullion traders will pay close attention to the FOMC statement and Bernanke’s press conference. If there will be so much a whiff of another stimulus plan…
The Greek elections will be held on Sunday and the aftermath of these elections could stir up the financial markets. Over the weekend the IMF urged Europe to help Irish banks. The main event of the week besides the Greek…
Precious metals prices have had an upward trend during last week. Gold rose every day of the week; silver increased every day as well except on Thursday. The speculation continues to run high about the possibility of the Fed introducing…
Gold and silver prices finished the week on a positive note as both precious metals edged up on Friday. Crude oil price (WTI) also edged up, while Brent oil declined. Natural gas Henry Hub (July delivery) slipped, while the spot…
Gold and silver continue to dwindle yesterday as gold price edged down while silver price fell again. The announcement of CME to lower the margins on gold by 10% (effective as of May 29th) may help gold price to pick…
The U.S. Monetary base decreased again during May by 0.92%. This news could suggest that gold will continue to trade down during June (assuming all things being equal). The strong relation between U.S. Monetary base and the changes in gold…
Natural gas changed direction and after it had declined in recent weeks the Henry Hub (July delivery) spiked by nearly 15%; crude oil also sharply rose during yesterday’s trading. Gold continued to dwindle as it edged up yesterday by one…
Gold and silver didn’t do much yesterday as gold price slightly rose and silver edged down. The mixed trend of major currencies during yesterday’s trading may have contributed to the mixed trend in the bullion market. The U.S PPI sharply…