Gold and silver slightly rose last week but on a monthly scale they are still nearly flat lined. Even the forex market also showed signs of unclear trend and the U.S rallied against the Euro but fell against the yen…
Gold and silver continued to flat line during last week as both precious metals ended up slightly higher than the previous week. In the U.S, several reports showed some mixed signs regarding its progress: jobless clams dropped again by 24k to…
The price of silver bounced back on Friday from its slow descent throughout most of last week. The recent FOMC decision and non-farm payroll report may have pushed silver in different direction but on a weekly scale the price of…
Gold and silver slowly declined during last week only to bounce back on Friday soon after the U.S non-farm payroll report showed a 288k gain in jobs; the unemployment dropped to 6.3%. The FOMC decided earlier last week to taper…
Gold and silver had a slow downward trend during most of the week only to bounce back on Friday following the release of the U.S non-farm payroll report. Gold ended the month modestly rising, while silver slipped. In the forex…
The gold and silver market cooled down along with the rest of the financial markets as precious metals didn’t do much on a monthly scale. Even the recent FOMC meeting, in which the Fed decided to taper again QE3 by…
As anticipated, the FOMC tapered again its asset purchase program, AKA QE3, from $55 billion a month to $45 billion a month. This is the fourth consecutive tapering decision, which first started back in the last FOMC meeting of 2013.…
As you can see, in the past four meetings the price of silver tumbled down the day after the FOMC released its press release. Moreover, the table also shows the negative impact the tapering decisions had on the price…
Gold and silver moved sideways during the previous week only to slightly rise on a weekly scale. The economic reports that were released last week showed a modest slowdown in the U.S and may have contributed to the modest rise…
Gold and silver changed direction and decreased during last week. In the forex market, the U.S dollar appreciated against many currencies such as Euro, Japanese Yen, and Canadian dollar. This shift may have contributed to decline of precious metals. The…