Last week started with sharp gains for gold and silver, but this week started with very modest gains. In the coming days, however, the volatility might start to pick up, which could result in sharper movement in the prices of…
During last week, gold and silver traded up. Nonetheless, most of their gain came on Monday. During the rest of the week, both metals had an unclear trend. Their recent rally coincided with the ongoing depreciation of the US dollar…
Major energy commodities including oil, and natural gas fell during last week while precious metals rallied. Equities markets slightly pulled back, while in the forex markets the US dollar depreciated against leading currencies including Euro and Japanese yen. In the…
Gold and silver spiked on Monday but by Friday both precious metals slipped. On a weekly scale, however, both gold and silver rallied even though they had a mixed trend during the week. In the U.S several reports showed positive…
The prices of silver and gold changed direction and bounced back from their two day fall. Their recent rally coincided with the recovery of leading currencies such as Euro and Japanese yen against the USD. In the U.S, jobless claims…
Gold and silver prices continued their fall and declined for the second consecutive day following their sharp rise on Monday. In Europe flash manufacturing PMI indexes rose during July: EU PMI rose to 50.4 (in June it was 48.7); Germany’s…
The spike in gold and silver prices didn’t last long and following their spike on Monday, precious metals changed direction and slipped on Tuesday. The recent disappointing manufacturing PMI for China, in which the PMI index estimated by HSBC fell…
Following a slow week, the precious metals market reheated as both gold and silver spiked on the first business day of the week. Their rally wasn’t due to latest developments in the forex market although the US dollar did depreciate…
During last week, gold and silver didn’t do much. Their rally coincided with the depreciation of the US dollar against currencies such as Euro and Japanese yen. Bernanke’s testimony reminded that the Fed won’t taper QE3 until the U.S economy…
The summer days may have pulled back the volatility in the financial markets as leading commodities such as oil, natural gas and gold didn’t do much during last week. Leading currencies including Euro, Japanese yen and Aussie dollar rallied against…