Gold and silver prices started the week with very sharp losses; many commodities prices, stock indexes and forex exchange rates also sharply declined yesterday. This reaction was probably prompted by the markets’ disappointment from the recent EU Summit. Moody’s announcement…
The week started with sharp falls across the boarder at many financial markets including stocks, forex and commodities markets. This may have been stem, in part by the markets reactions to Friday’s EU Summit that didn’t reach the expectations of…
Gold and silver prices bounced back on Friday following the sharp falls recorded on Thursday, but now the tables have turned again as the precious metals prices are declining. The agreement reached on Friday in the recent EU Summit doesn’t…
Here is a weekly recap for gold and silver prices for the week of December 5th to the December 9th including changes in prices, chart analysis and the main events and news that may have affected gold and silver prices…
The third week of December brings many news items, meetings and events that may affect forex and commodities markets; these items include: U.S. PPI, U.S. CPI and Philly Fed Survey; OPEC’s meeting; FOMC meeting and statement; Swiss Bank’s rate decision…
Gold and silver prices moderately changed throughout the second week of December with a downward trend. The ongoing uncertainty vis-à-vis the potential outcome of the current European debt crisis continues to affect commodities and forex markets. The main news item…
Following Thursday’s ECB’s decision to cut the rate by 0.25 percent point and also Mario Draghi statements of his opposition of bond purchase program by ECB, the commodities prices rallied from the sharp falls recorded on Thursday: Gold and silver prices…
Gold and silver prices changed direction again and sharply declined along with the rest of the financial markets such as the crude oil market and the European and American stock markets. The ECB rate decision and the press conference that…
Major commodities changed direction and fell; this change came following the ECB press conference in which the interest rate was cut by 0.25 percent point and also the ECB President Mario Draghi didn’t promise any QE programs. This news pressured down…
Gold and silver prices continued to seek direction in the past few days as is the case for other commodities and forex markets. Today, European Central Bank will decide on its interest rates (update: ECB reduced the interest rate again…