Precious metals prices started off the week with little movement despite their sharp rise during last Friday following the disappointing U.S employment numbers. The premise behind this speculation was that since the U.S economy is showing signs of slowdown, this…
Gold price bounced back yesterday from its plunge on Thursday; silver on the other hand edged down; Crude oil price (WTI) also declined on Friday, while Brent oil slightly rose. Furthermore, the price of natural gas (future) increased while the…
Gold and silver prices changed direction and plummeted yesterday after the testimony of Bernanke in the Senate didn’t bring the kind of news bullion traders had hoped for. Bernanke stated in his testimony that economic conditions are improving mainly the US real estate market;…
Despite the exceptions of many for a more “pro-stimulus” testimony by the Chairman of Fed especially after the recent disappointing U.S non-farm payroll report came out on Friday, there weren’t any hints for QE3; Bernanke dropped a wet blanket on…
Precious metals have changed direction and after Bernanke kept the Fed’s policy unchanged and didn’t hint of any future plans to introduce any additional monetary stimulus plans gold and silver tumbled down. Crude oil prices also declined on Thursday. Furthermore,…
Gold and silver prices sharply increased yesterday along with other commodities such as crude oil and major foreign exchange rates including the Euro and Aussie dollar. Yesterday it was reported the Australian GDP expanded by a higher than expected rate.…
Gold and silver sharply increased yesterday much like many other commodities and forex indexes. Crude oil prices also rose on Wednesday. Furthermore, the price of natural gas (future) changed direction and slipped. The Euro sharply appreciated against the USD. Several…
Gold and silver prices continue to change direction with an unclear trend as they have shifted from gains to losses every day in the past week and a half. Yesterday it was reported that the U.S ISM Non-Manufacturing PMI remained…
Gold and silver continue to shift from gains to losses as both precious metals were trade slightly up on Tuesday; crude oil WTI also edged up while Brent slightly declined. Furthermore, the price of natural gas (spot and future) continued…
Gold and silver prices continue to zigzag and after they had both spiked on Friday, on Monday they have slightly declined. The G-7 will convene today and talk about the EU debt crisis. Currently gold and silver are trading up.…