The Fed left its policy unchanged for June. Nonetheless, in the press conference that followed Chairman of the Fed, Ben Bernanke, said the Fed may start to scale back its current $85 billion a month of long term securities by…
Precious metals much like many other commodities and currencies pairs haven’t done much yesterday as both gold and silver slightly declined. Other currencies including the Aussie dollar and Canadian dollar also slightly fell against the USD. Yesterday, U.S housing data…
In a recent interesting article in the Fool’s blog network the author tries to settle which precious metal, gold or silver, is a better investment and serves as a better hedge against inflation. But do these metals serve as a…
Gold and silver prices haven’t dome much in the past several days as precious metals traders are waiting for to see what the Fed will do next. Today the FOMC meeting will commence will conclude tomorrow with a statement and…
The prices of gold and silver haven’t done much during last week as they moved in an unclear trend. Next week, however, the precious metal market might stir up as the FOMC will convene and decide to any changes to…
During last week gold and silver moved in an unclear trend. Last week, Jobless claims slipped by 12k to reach 346k; U.S retail sales rose by 0.6%; PPI bounced back in May by 0.5%. These reports may have contributed to…
Leading commodities such as oil, gold and silver rallied during last week. Leading currencies including Euro, Japanese yen and Aussie dollar appreciated against the USD last week. Will commodities continue to trade up this week? This forthcoming week several reports,…
The bullion market didn’t do much during last week as both gold and silver moved in an unclear trend during the week. Their unclear trend was also recorded in the forex and equity markets. Last week in the U.S: Jobless…
Retails and foods services sales slightly rose again for the sixth time in seven months; the index increased during May 2013 by 0.6% compared with April’s sales and also remained above the sales at May 2012. The U.S. Department…
Precious metals continue to zigzag and gold and silver rates declined yesterday after they rallied a day earlier. Conversely, leading currencies such Euro and Aussie dollar rose against the USD yesterday. In the U.S, retail sales slightly increased by 0.6%;…