It could take time until gold and silver prices will recover from their plunge on Thursday following the FOMC’s decision to extend operation twist by $267 billion until the end of 2012 and after the Fed had revised down its…
Last week gold and silver prices started off with little movement but by Thursday both precious metals tumbled down. The FOMC decision to continue operation twist throughout the rest of 2012 by $267 billion and not to introduce QE3 may…
Following the results of the Greek elections the forex and commodities markets didn’t seem to react much to the news. The main event of last week was the decision of the FOMC to extend operation twist throughout 2012 by another…
Precious metals prices took a dive on Thursday and thus erased their gains from the first weeks of June. The FOMC decision to extend operation twist throughout the rest of the year by another $267 billion wasn’t what many bullion…
Gold and silver prices didn’t do much on Friday after their tumble on Thursday. Gold finished slightly up while silver declined. Crude oil prices (WTI and Brent) recovered from their two day falls and rose on Friday. Natural gas Henry…
Gold and silver prices tumbled down along with other commodities prices such as oil and U.S stock markets. Even the Euro/USD plummeted during yesterday. The FOMC’s decision to extend its operation twist by $267 billion until the end of the…
Gold and silver prices continued their downward trend and recorded the sharpest fall since the beginning of April 2012. Crude oil price (WTI and Brent) also tumbled down yesterday. Natural gas Henry Hub (July delivery) rose while the spot price…
Gold continued to trade down, while silver edged up during yesterday’s trading. The FOMC announced it will extend its operation twist, in which the Fed extends the average maturity of its holdings of securities, throughout the rest of the year.…
The FOMC extended operation twist for the rest of the year but didn’t announce any additional QE program. The Fed also lowered its economic projection of the U.S economy. This news didn’t help commodities prices as many of them declined.…
Gold and silver prices continue to dwindle as both metals edged down for the second consecutive day. Even the hike in Euro/USD and other related currencies such as the Aussie dollar didn’t reverse the decline in precious metals prices. The…