The equity markets tumbled down for the second consecutive day. The fall in stock markets may have contributed to rally of precious metals prices. Their rally came despite the sharp depreciation of “risk related currencies” such as the Aussie dollar.…
The prices of gold and silver changed direction and slipped on Tuesday. Their fall coincided with the depreciation of “risk related currencies” such as the Aussie dollar. Yesterday, Reserve Bank of Australia left its rate unchanged at 2.75% but left…
Precious metals market heated up on Monday after gold and silver prices haven’t done much during last week. The recent positive news of the growth in China’s manufacturing PMI while the U.S manufacturing has tumbled down may have helped pull…
The prices of gold and silver haven’t performed well during May. But looking forward, will gold and silver recover from their recent tumble. Let’s break down the upcoming events that may affect gold (GLD) and silver (SLV) prices and analyze…
Leading commodities were traded up on the first business day of the week: Brent oil and WTI oil bounced back on Monday; natural gas Henry Hub future (short term delivery) slightly increased yesterday; silver and gold changed direction and rallied…
Gold and silver haven’t performed well in the past several months. Will precious metals recover from their recent tumble? Some people still consider gold an investment worth having. The leading arguments aren’t surprising: Central banks are printing money, global debt…
Gold and silver didn’t do much on a weekly scale as gold inched up while silver slipped. Their unclear trend coincided with the developments in the currencies markets as the Euro rallied against the USD while the Aussie dollar and…
Major commodities including oil, silver and natural gas changed direction and fell during last week. Equities markets cooled down while the forex markets didn’t have a clear trend during last week. Will this unclear trend persist? In the upcoming week…
The rates of gold and silver moved in an unclear trend during last week as they have shifted from gains to losses almost on a daily basis. In the end of the week the price of gold inched up while…
Precious metals continued to rally as gold and silver rates rose for the second consecutive day. In the U.S, jobless claims rose by 10k to reach 354k during the previous week; the second GDP estimate was published yesterday: the U.S…