As expected the European Central Bank decided to raise the interest rate by 0.25% to 1.5%; this rate decision didn’t seem to affect the financial market as the Euro to US dollar continues to moderately fall. What does this decision…
The People Bank of China decided to raise on July 6th the basic interest rate for one year lending by 0.25 percent points to 6.56%; this is the fourth rate raise this year. One of the prime reasons was to…
Gold and silver prices rallied for the second straight day and they currently continue to trade up. Today, the ECB will publish its decision about the interest rate; the Department of Labor will publish the U.S. unemployment claims in preparation…
Gold and silver prices continued their rally and inclined for the second straight day; WTI crude oil price, on the other hand, moderately declined; natural gas prices also finished the day with falls. Here is a summary of the…
Gold and silver prices continue to zigzag and they bounced back and rose very sharply yesterday. Gold and silver prices are currently traded up with moderate rises. Today, the major reports to be published include: European GDP, ISM Non-Manufacturing report,…
Major commodities prices started the week with sharp rises including crude oil prices (WTI and Brent oil), gold prices, silver prices, and natural gas spot price. Here is a summary of the price movements of precious metals and energy…
Gold and silver prices started July with sharp falls, but they are currently traded up. Today, the full US durable good report will be published. Let’s examine the news of the day related to the precious metals market for today…
Following last week’s vote in the Greek parliament in which it approved the package of budget cuts proposed by Prime Minister George Papandreou, the European Union ministers of finance convened over the weekend and approved the aid to Greece. The…
Gold and silver prices showed weakness during June as they did during the previous month of May. Could it be that the appeal of gold and silver as a safe haven was less true in recent months than it was in…
There are many news upon us in this upcoming week, including the US labor report, Euro rate decision, the Greek debt crisis and more that will likely to affect not only major currencies such as Euros and US dollar, but…