The major news over the weekend came from the US when Standard & Poor’s downgraded the US credit rating from AAA to +AA for the first time in US history. The US treasury department already reacted to this news and…
Category: Gold
Recommended posts for the weekend – August 7
Last week ended with a dramatic announcement of Standard and Poor’s downgrade of US’s credit rating from AAA to +AA; the rumors behind this news are probably one of the factors that pulled not only stock markets, but also crude…
The rise & fall of silver | gold and silver weekly recap 1-5 August
Silver price started to pick up and rise during the week, but it soon switched direction and fell during the last days of the week; by the end of the week, silver price finished below its starting point. Gold price,…
S&P downgraded US’s credit rating from AAA to AA+
Standard and Poor’s, one of the most important rating agency worldwide, announced yesterday it downgraded the US credit rating from AAA to +AA; This is a one level drop. It’s also the first time in US history that the United…
Gold and silver prices ended the week with falls –August 5
Gold and silver prices fell for the second straight day: gold price is still up in August, but silver price is currently below its initial price level; crude oil prices have ended a five day drop and bounced back from…
U.S employment rose by 117,000 during July – August report 2011
The US labor force rose at a much faster pace than in the past couple of months, as the number of non-farm employees increased during July by 117,000 compared with an increase of 18,000 during June and 25,000 during May.…
Gold & Silver Prices – Daily Outlook August 5
Major stock markets around the world including S&P500, NASDAQ and Hang Seng recorded sharp falls in their indexes, while the US dollar appreciated very sharply against major currencies; what about gold and silver prices? They fell yesterday as well. What…
Gold silver and oil prices crashed yesterday–August 4
Gold and silver prices changed direction yesterday: after they had risen during most of August so far, they sharply declined yesterday; crude oil prices fell for the fifth straight business day; natural gas spot price (Henry Hub) also declined. Here…
ECB kept interest rate at 1.5% – August 4
As expected the European Central Bank decided to keep the interest rate at the same level of 1.5%; this rate decision didn’t seem to surprise the market and concerns over the debt in Europe continues to be one of the…
Gold & Silver Prices – Daily Outlook August 4
Gold and silver prices finished yesterday with sharp rises, but will this trend continue throughout the day? Gold and silver prices are currently traded with mixed trends. Today, the Bank of Japan announced it will keep rate unchanged but expanded…