Gold and silver prices continued to dwindle yesterday: both metals prices slightly declined on the last day of the month. Earlier today the RBA announced it will cut its interest rate by 0.5 percent point to 3.75%. This rate reduction…
Commodities market didn’t perform well on the last day of the month as gold and silver prices decreased. Crude oil prices changed direction and edged down on April 30th after they had increased for four consecutive days. On the other…
Gold and silver prices slightly increased on Friday and may continue this slow-paced trading on the last day of the month. Spain published its GDP report: Spain’s GDP had contracted by 0.3% in the first quarter of 2012 – the…
Last week gold price slightly increased despite the expectations that the FOMC meeting will adversely affect bullion prices. Silver price slightly declined last week. The U.S GDP for Q1 2012 didn’t reach expectations and may have been among the factors…
The bullion market has slowed down during the past three months: during February gold declined by 1.67%, during March by 2.3% and during April by 0.42%. Silver hasn’t done any better. The recent FOMC meeting didn’t affect Precious Metals at…
Despite the high expectations for dramatic turns during last week’s big news items including the FOMC meeting and U.S GDP for Q1 2012, eventually there were little movements in the major forex and commodities markets. As we are entering a…
There were high expectations in the gold and silver markets for this week’s FOMC meeting that eventually didn’t have any apparent effect on precious metals prices. Thus quoting T.S Eliot: “This is the way the world ends; Not with a…
Major commodities prices continued their recovery yesterday. Gold and silver prices increased for the second consecutive day. Crude oil prices continued their upward trend for the fourth consecutive day. Natural gas future prices also finished yesterday rising. Finally, the Euro…
Gold and silver prices sharply rose yesterday and thus rallied from their decline on Wednesday. Bank of Japan announced it will expand stimulus and will purchase government bonds by 10 trillion yen (roughly $124 billion). This means the asset purchase…
The bureau of economic analysis published today its first estimate of the growth rate of the U.S. Gross Domestic Product for the first quarter of 2012. The report showed the U.S GDP rose by 2.2% in Q1 2012. According…