Here is a short overview of the recent developments in gold and silver prices during the week of February 27th to March 2nd; this includes a short description of the main news items and events that may have stirred up…
Following the sharp changes in commodities prices, mainly gold and silver prices, during last week due, in part, to the speculation around the next steps of the FOMC on QE3 and the recent release of the second LTRO rescue plan…
Gold and silver changed direction throughout the week and their volatility has risen compared with their low volatility levels during most of February. The main shift started on Tuesday when silver price rose by 4.5%. This gain didn’t seem related…
Gold and silver prices continue to zigzag as they have declined on the last trading day of the week; crude oil prices also sharply fell on Friday after they had risen for two consecutive days; natural gas future price moderately…
Gold and silver prices bounced back from Wednesday’s tumble. The U.S unemployment claims edged up to 353k, which may have strengthened the US dollar during yesterday against many currencies. Currently gold and silver prices are slightly falling. Today Canada’s GDP…
Gold and silver prices bounced back and rose on Thursday after their dive on Wednesday; crude oil prices continued their rally and rose again for the second consecutive day; natural gas future price sharply fell on Thursday. The Euro slightly…
Today the U.S. Manufacturing ISM report was published; according to the update, the U.S. Manufacturing PMI growth rate edged down again to 52.4% during February. The U.S. Manufacturing PMI is an index that estimates the economic progress of the U.S.…
Gold and silver prices changed direction and plummeted yesterday following Bernanke’s testimony; Crude oil also changed direction and ended yesterday’s trading in the green; natural gas prices also sharply rose on Wednesday. The Euro sharply depreciated against the US Dollar;…
The bureau of economic analysis published yesterday its second estimate of the growth rate of the U.S. Gross Domestic Product during the fourth quarter of 2011. The report showed the US GDP rose by 3% in Q4 2011. According…
Gold and silver prices changed direction and rose yesterday: silver, even more than gold, sharply increased by 4.5% and thus it completed an 8.4% rally in the past five business days. Will this silver rally continue? ECB will announce today…