Gold and silver plummeted on Thursday: Gold price tumbled down by 2.43% and silver by 4.42%. Is the market changing its perspective regarding the FOMC’s next move? It remains unclear whether the Fed will taper QE3 next week. Some analysts…
The prices of gold and silver didn’t do much on Wednesday: Gold price inched down while silver rallied after both precious metals had declined on Tuesday. Currently, however, gold and silver are falling down. The silver lining of gold was…
The prices of gold and silver spiked during August to their highest levels in recent months. Looking forward, will gold and silver continue their upward trend? Let’s examine the latest developments that may affect the progress of gold (GLD) and…
The prices of gold and silver tumbled down on Tuesday; their recent decline coincided with the drop of the price of oil over 2%. Some suspect the developments in Syria have affected not only crude oil prices but also other…
Gold and silver started off the week with little movement as gold inched up while silver slipped. This low volatility may continue this week as the market waits for the FOMC’s monetary policy meeting, in which many expect the FOMC…
During last week, gold slightly fell while silver rallied. The market expectations for the next FOMC’s meeting keep gold and silver from forming a clear trend. Some analysts suspect the Fed will taper QE3 in September from $85 billion to…
The price of gold slipped during the previous week by 0.69% while silver bounced back and rose by 1.59%. The market still waits for the FOMC’s next meeting, which will take place in less than two weeks. Even if the…
Several commodities continued their general upward trend: Last week, leading commodities including oil and silver rose again. Conversely, some other commodities such as gold and natural gas changed direction and fell. In the forex market, leading currencies including Aussie dollar…
The Bureau of Labor Statistics came out with it monthly report: Total U.S. employment rose at a lower than expected rate – according to the ADP report, private non-farm payroll increased by 176k during August: The latest U.S. employment report,…
Despite the many news items on yesterday’s agenda including the ECB’s rate decision there were little changes in policy or surprises: ECB, as expected, didn’t change its policy and left the basic interest rate flat. But the main issue was…