All eyes are towards Wall Street over the markets’ reaction to the weekend news of Standard and Poor’s downgrading the US credit rating; ECB signaled yesterday it will purchase Italian and Spanish bonds in an attempt to cool down the markets. Today,…
Category: Silver
Gold and silver prices outlook for August 2011
Gold and silver prices changed direction in July and rose very sharply, after a slow paced movement during June and May. What were the driving forces behind the recent rally of gold and silver prices during July? Much like the…
Weekly outlook for August 8-12
The major news over the weekend came from the US when Standard & Poor’s downgraded the US credit rating from AAA to +AA for the first time in US history. The US treasury department already reacted to this news and…
The rise & fall of silver | gold and silver weekly recap 1-5 August
Silver price started to pick up and rise during the week, but it soon switched direction and fell during the last days of the week; by the end of the week, silver price finished below its starting point. Gold price,…
Gold and silver prices ended the week with falls –August 5
Gold and silver prices fell for the second straight day: gold price is still up in August, but silver price is currently below its initial price level; crude oil prices have ended a five day drop and bounced back from…
Gold & Silver Prices – Daily Outlook August 5
Major stock markets around the world including S&P500, NASDAQ and Hang Seng recorded sharp falls in their indexes, while the US dollar appreciated very sharply against major currencies; what about gold and silver prices? They fell yesterday as well. What…
Gold silver and oil prices crashed yesterday–August 4
Gold and silver prices changed direction yesterday: after they had risen during most of August so far, they sharply declined yesterday; crude oil prices fell for the fifth straight business day; natural gas spot price (Henry Hub) also declined. Here…
Gold & Silver Prices – Daily Outlook August 4
Gold and silver prices finished yesterday with sharp rises, but will this trend continue throughout the day? Gold and silver prices are currently traded with mixed trends. Today, the Bank of Japan announced it will keep rate unchanged but expanded…
Gold and silver continue their rally and reach new highs –August 3
Gold and silver prices continue to rise very sharply; gold price reached a new high yesterday at $1,666 – the highest price level in 2011; crude oil prices fell for the fourth straight business day; natural gas spot price (Henry…
Gold & Silver Prices – Daily Outlook August 3
The bullion market continues to heat up even after the House raised the US debt ceiling; this news strengthened the US dollar against other currencies, but the market seems to raise the ante and continues to bet on gold and…