Gold and silver changed direction and tumbled down during last week. The most notable event of last week was the decision of the newly appointed Chair of the Federal Reserve Janet Yellen to taper again the Fed’s QE3 program by…
Gold and silver continued to zigzag throughout last week, but their jump on Wednesday was enough to maintain their weekly prices elevated. The recent depreciation of the US dollar against leading currencies including Japanese yen and Euro may have contributed…
Gold and silver market changed course as their prices slipped during last week. Despite their decline on a weekly scale they started off the week on a positive note only to tumble down at the end of the week. The…
Gold and silver market slowly rallied again as their prices slightly increased during the previous week. The recent reports regarding the progress of U.S and China may have contributed to the slow recovery of precious metals: housing starts and building…
Gold and silver market continues to slowly recover as their prices rose again during last week. The economic slowdown in the U.S economy may have contributed to the rally of precious metals: retail sales declined by 0.4% during January; industrial…
Gold and silver changed course and rallied during last week following the recent news regarding the slow progress of the U.S economy: Nonfarm payroll report for January increased by only 113k jobs were added – lower than expected; the manufacturing…
The price of natural gas changed course and fell during the second half of the week and fell below the $4.8 mark – the lowest level in the past couple of weeks. The average weekly price was still 4.1% higher…
Gold and silver slowed down and slipped during last week mainly on Thursday following the recent FOMC’s decision to cut down again its asset purchase program by an additional $10 billion to $65 billion a month. This mini-taper was expected…
The precious metals market didn’t move in concert as price of gold slightly rose while silver slipped during last week. Moreover, the foreign exchange market also had a busy week as the US dollar sharply depreciated against the Euro and…
The price of natural gas continues to sharply rise as the price passed the $5 mark at the end of last week – the last time the price passed this threshold was back in June 2010. The average weekly price…