Gold and silver prices continued their rally and inclined yesterday; this rally was probably stem, in part, by the news from ECB to cut interest rates and the speculation that Greek President Papandreou might cancel the referendum. Currently gold and…
The financial markets continued to rally following the news from Europe including: the ECB cutting the rate by 0.25 percent points to 1.25% and the chance of Greece canceling the Referendum. Yesterday major commodities prices rallied: gold and silver prices finished…
Today the U.S. non-manufacturing ISM report was published and the U.S. non-manufacturing PMI reached 52.9% in October. The U.S. non-manufacturing PMI, which is an index that estimates the economic activity in the U.S. non-manufacturing sector, grew for the 23rd consecutive…
Gold and silver prices slightly inclined yesterday after they had declined in recent days. The FOMC meeting may have helped pull up the financial markets as Bernanke left the door open on additional steps by the Fed to jump-start the…
Following a two day meeting of the Federal Open Market Committee, it was decided to keep the monetary policy in the same direction with no earth-shattering changes. But Bernanke in the press conference kept the door open of an additional…
Following the sharp falls on Tuesday that were partly driven by the news from Greece that there will be a Referendum in the EU debt reduction plan, major commodities made a comeback yesterday: gold and silver prices were traded sharply…
As expected the European Central Bank lower its basic interest rate by 0.25 percent points from 1.5% to 1.25%. Mario Draghi, President of ECB, in his first rate decision press conference followed through with the expectations of the market and…
Gold and silver prices sharply declined on the first day of November; this movement was probably driven in part by the news from Greece of a referendum. Today the FOMC will release a statement and Bernanke will also give a…
Following last week’s EU agreement on a reduction on the Greek debt, it seems that the crisis isn’t averted just yet: the Prime Minister of Greece Papandreou has put the European Union’s debt plan to a public vote by the…
November started off with losses for major commodities: gold and silver prices started trading with sharp falls that turned by the end of the day to just light falls for gold price; crude oil prices also slightly declined. Natural gas…