Gold and silver prices continued their rally on Friday and thus completed a two day recovery after both metals had declined during most of the month so far. On today’s agenda: FOMC Member Lockhart Speaks. Currently precious metals prices are…
Last week gold and silver prices changed direction from a downward trend to a sudden steep increase on Thursday and Friday. Could this mean there is some fundamental shift in the bullion market that warrants such a shift? The main…
Following the recent developments in the Greece in which it was decided there will be elections on June 17th the Euro took a dive and was traded down most of the week against the USD. The recent publications from the…
The precious metals market changed direction during the second part of the week. Both metals started off the week falling along with the rest of the commodities markets and Forex rates (e.g. the Euro/USD). In Europe the conditions haven’t improved:…
Gold and silver prices continued their rally and ended the week on a positive note. Crude oil (WTI) on the other hand continued its descent; natural gas future spiked. The Euro also changed direction and traded up against the USD.…
Gold and silver prices took a sharp turn and sharply rose yesterday. Gold recorded the sharpest single day gain this year (UTD). The Philly Fed Index tumbled down to -5.8 in May; this news may have rallied bullion prices but…
Gold and silver prices changed direction and bounced back during yesterday’s trading. The recent disappointing news of the drop in the Philly Fed Index may have been among the factors to drag down energy commodities prices: Crude oil (WTI) continued…
Gold and silver prices tumbled down again during yesterday along with other commodities prices. Â The new elections in Greece will be held on June 17. In the meantime the ECB temporarily stopped lending to several Greek banks. Did the minutes…
Today, the fifth survey of 2012 for the Philly Fed Manufacturing Index for May was published: this survey estimates the U.S. manufacturing conditions changed direction from growth to contraction during May; the Philly Fed index tumbled down from +8.5 in…
The recent news from Greece is that there will be elections on June 17th. The housing starts rose by 2.6% in April. This news along with the recent developments in Europe may have been among the factors to further drag…