Gold and silver resumed their downward trend and tumbled down yesterday. Their fall coincided with the depreciation of several currencies against the USD including Euro. Following Tuesday’s reports that showed growth in the U.S economy, yesterday the last update of…
Precious metals had a slow start this week as both gold and silver remained nearly unchanged. This slow movement may dissipate as the week will progress. Yesterday, several U.S reports came out and all showed growth: Consumer confidence for June…
The U.S. Census Bureau reported (opens pdf) today on the changes in number of new homes sold in the U.S during May 2013: the number of new homes sales increased compared with the number of new homes sold during April…
After last week’s plunge in gold and silver prices, precious metals continued this trend and fell on the first day of the week. The Fed’s next move seems to keep precious metals’ high sales. Will gold and silver bounce back…
Shares of Royal Gold, Inc. (NASDAQ: RGLD), much like many other gold companies’ stocks, haven’t performed well during 2013 (up to date) as they tumbled down by more than 35%. Nonetheless, Royal Gold’s business model is different than other gold…
During the previous week, gold and silver tumbled down. The main event of last week in the U.S was the FOMC statement. The FOMC kept policy unchanged but in the press conference that followed the statement, Bernanke stated the Fed…
Major commodities including gold, silver, oil and natural gas traded down during last week; their fall coincided with the tumble of equity markets and leading currencies such as Euro and Japanese yen against the USD. Last week’s Fed decision and…
Is the golden era of gold and silver behind us? Last week’s sharp fall in the prices of gold and silver might suggest so. Their tumble coincided with the decline of other commodities including oil, U.S equity markets and leading…
The two main events of the past couple of days may have contributed to the sharp fall of equities and commodities. These events include: The FOMC hinting it may ease down QE3 in the coming months; China’s credit squeeze, in…
Gold and silver remained flat during most of the day but the latest press conference of the Fed stirred up the forex markets. Gold and silver are currently trading sharply down – gold fell below the $1300 mark for the…