Gold and silver edged up on the last day of the week; on a weekly scale both precious metals also increased. As I have pointed out in the gold and silver weekly outlook the main events of the week will…
Precious metals prices continued to present an unclear trend during most of the month. The fall and rise of Euro/USD coincided with the movement of precious metals prices. Will this unclear trend continue in August? The main events of the…
Last week gold and silver prices started off falling but by they have bounced back during the last few days . There were several reports and statements that helped rally the Euro. GB’s GDP contracted in the second quarter of…
During last week the Euro and commodities prices started off falling but by the second part of the week they have changed direction and rallied. The pledge of ECB President to preserve the Euro did the trick. Now it will…
Precious metals started off the week in the same direction from the previous week – trading down. This direction changed coming Wednesday when both metals along with other commodities rates and “risk currencies” rose. The news of the contraction of…
Most major commodities rose during Friday: crude oil prices including WTI and Brent oil rose again; gold and silver prices didn’t do much as both precious metals edged up; natural gas Henry Hub (August delivery) and spot price declined again.…
Gold price continued to rise for the third consecutive day; silver, on the other hand, edged down. The Euro hiked after ECB President tried to assure the markets by stating ECB is prepared to do whatever it takes to preserve…
The Euro rose again for the second consecutive day; this time the ECB President’s statement about preserving the Euro may have contributed to the recovery of the Euro during yesterday. Most major commodities also rose during yesterday’s trading: crude oil…
Gold and silver changed direction and pace as both precious metals bounced back on Wednesday. Yesterday it was reported that, in Q2 2012 Great Britain’s Gross Domestic Product contracted by 0.7%. This news may have contributed to the rally the…
Most major commodities changed direction and rallied during yesterday’s trading: crude oil prices including WTI and Brent oil increased; gold and silver prices also rallied as both precious metals hiked. Natural gas Henry Hub (August delivery) tumbled down while spot…