The prices gold and silver remained nearly unchanged yesterday and thus they have both continued their unclear trend from last week. Yesterday, President of Federal Bank of Philadelphia commented on the recent decision of the FOMC to launch QE3. He…
During the previous week, the prices of bullion remained nearly unchanged while the prices of oil tumbled down along with major foreign exchange rates such as Aussie dollar and Euro. The FOMC decision to launch QE3 is likely to have…
The price of oil changed direction and tumbled during the week after it had increased during most of August and the first couple of weeks of September. What could have caused such a rapid shift in the oil market? Will…
During last week, gold and silver prices increased, mainly on Thursday following the publication of the FOMC decision to commence with QE3 that will include the Fed buying mortgage backed securities at a pace of $40 billion per month. There…
Precious metals prices continued their rally and hiked mainly on Thursday following the publication of the FOMC decision to commence with QE3 that will include the Fed buying mortgage backed securities at a pace of $40 billion per month. There…
The recent announcement of the FOMC to buy mortgage backed securities at a rate of $40 billion per month is something that many bullion traders had anticipated and has already started to pull up the price of gold. Will this…
The FOMC concluded its sixth meeting this year and as the market had anticipated, the Fed announced it will launch QE3 that will consist of purchasing additional agency mortgage-backed securities at a pace of $40 billion per month. The Fed…
The prices gold and silver didn’t do much again on Wednesday despite the publication of the German court ruling on EMS that approved the bailout. The next step will be to wait for Spain to officially request a bailout. Currently…
The prices gold and silver didn’t do much as the market waits for the two main events of the week regarding the German court ruling on EMS and tomorrow’s publication of the FOMC statement. In regards to the court ruling,…
The ongoing hype over the expectations of another QE3 to be announced by the FOMC in the near future (the next FOMC meeting will be held on September 12th and 13th) made me think about the relation between the speculations…