The gold and silver continued their downward trend and declined for the fourth consecutive business day. Their recent fall coincided with the ongoing depreciation of certain currencies such as Japanese yen, Aussie dollar and Canadian dollar against the USD. The…
The gold and silver started off the week on a negative note as both precious metals prices resumed their downward trend from last week. Their recent fall, however, didn’t coincide with the appreciation of the Euro against the USD. The…
The prices of gold and silver continued their downward trend last week. Their recent fall coincided with the strengthening of the US dollar against the Euro. In the U.S, the Non- farm payroll report was released and was better than…
Major commodities prices have mostly decreased during last week including Oil (Brent), gold and silver prices. The recent U.S GDP and NF payroll report were better than anticipated, which contributed to the rally of the US dollar. Moreover, the decision…
Last week brought along with it many news items that resulted in the strengthening of the US dollar against the Euro, Aussie dollar and Canadian dollar. The prices of gold and silver moved in the same direction and tumbled down…
The Bureau of Labor Statistics published its monthly update: Total U.S. employment rose by a higher than expected rate – according to the ADP report, private non-farm payroll increased by 130k during October: The latest U.S. employment report, which was…
The prices gold and silver changed direction again and slipped on Thursday. Their recent fall coincided with the depreciation of the Euro against the USD. The decision of ECB to cut down the cash rate to 0.25% – its lowest…
The gold and silver market remained nearly flat again as gold and silver prices slightly rose after they had declined a day earlier. But today and tomorrow precious metals and forex market could start to pick up especially if the…
The sharp fall of gold price during the year has taken its toll on gold producers such as Barrick Gold (NYSE: ABX). Moreover, the decline of precious metals prices has also adversely affected companies such as Silver Wheaton (NYSE: SLW)…
Despite the low expectations for any change in policy, the ECB has surprised the markets as it has cut down the interest rate by 0.25 percentage point to 0.25% – its lowest level in history. From the other side of…