The U.S. dollar resumed its descent while precious metals kept coming down. But this could all change if the FOMC were to surprise the market in its forthcoming statement. On this week’s agenda in the U.S: FOMC meeting, GDP for…
During the past month, shares of Barrick Gold (NYSE:ABX) rose by over 11%, and the company’s stock is up by 15% for the year. This rally is mostly attributed to the recovery of gold prices in recent months. The company…
The bullion market cooled down in the past several days as both gold and silver slightly declined last week. ECB’s rate decision didn’t provide any major headlines, albeit the Euro resumed its rally. The ongoing fall in LT treasuries yields…
The U.S. dollar took another tumble against leading currencies such as Euro, Japanese yen and Aussie dollar. On this week’s agenda in the U.S: Durable goods, existing home sales, and jobless claims. In Europe: Euro group meetings, BOE rate decision,…
Gold and silver started off last week strong only to come back down in the following days. The minutes of the FOMC took the back seat to the aftermath of the disappointing NFP report. The progress of the USD is…
The U.S. dollar resumed its upward trend and picked up against the Euro and Japanese yen. The aftermath of the NFP report and the minutes of the last FOMC meeting provided enough volatility for the markets. Also, the tensions in…
The recent NFP report came short of market expectations with only 126K jobs added in the past month. This report is likely to rekindle the hopes of a “later rather than sooner” rate hike by the FOMC – perhaps by…
Even though last week was short, the NFP report came out on Friday and surprised analysts – only 126K jobs were added, which was well below market estimates. This news is likely to resonate in the markets on Monday and…
After six consecutive months of over 200K job gains, the recent U.S. non farm payroll presented came short with only 126K added jobs – well bellow market expectations. Tthe ADP report showed a gain of 189K jobs and the market…
Even though the oil market has experienced high volatility, this hasn’t translated to sharp movement in precious metals prices. The U.S. GDP report came slightly short and Yellen’s testimony didn’t offer any big headlines, which left the bullion market to…