The price of gold increased very rapidly in the last few years. Many bullion traders bet that gold will continue to rise in the years to follow and thus maintain their long position. In light of the recent developments in…
Gold and silver prices tumbled down during the last couple of days of last week: the ECB rate cut decision and the disappointing U.S employment report may have been among the key factors dragging down bullion rates. Will this downward…
Last week gold and silver prices didn’t do much at the first few days of the week but after the Fourth of July Vacation precious metals tumbled down. This decline was mostly likely due to the ECB rate reduction from…
Following the recent ECB rate cut by 25pp to 0.75%- its lowest rate and the disappointing U.S non-farm payroll report major commodities prices including oil, natural gas and gold declined during the second half of last week. Will this downward…
Precious metals took another dive during the first week of July. This fall coincided with the decline in many other financial markets such as oil, U.S stocks etc. The two main events of the week that contributed to fall of…
Following the publication of another disappointing U.S employment report, the financial markets closed the week on a negative note: The Euro sharply fell again against the USD. Major commodities rates also declined including the Aussie dollar. Crude oil prices including…
Gold and silver prices declined following the ECB decision to cut interest rate by 0.25pp to 0.75% and deposit rates from 0.25% to zero. This news also adversely affected the Euro/USD. Several U.S reports were published yesterday: U.S jobless claims…
The decision of ECB to cut the rate by 25pp to 0.75% caused the Euro to fall against the USD. Major commodities rates also fell. The on the other hand several rates such as the Aussie dollar slightly appreciated against…
Despite high expectations, the U.S. employment didn’t rise by a much higher pace in June than in the past few months: according to the latest U.S. employment report, which was published today, July 6th by the Bureau of Labor Statistics…
Following the U.S Independence Day holiday there are many publications and reports that will come out today that could affect the bullion markets. As expected, ECB announced it will cut its interest rate for July by 0.25 percent point to 0.75%…