The prices of gold and silver changed direction and declined yesterday despite the depreciation of the USD against major currencies including the Euro and Aussie dollar. The low volatility in the precious metals continued but might start to rise in…
The FOMC concluded its last meeting this year and as the market had anticipated, the Fed announced it will expand QE3 that will include in addition to the Fed purchasing mortgage-backed securities at a pace of $40 billion per month;…
The OPEC Summit was concluded with no big headlines. The ministers have decided to keep OPEC’s quota unchanged at 30 million bbl/d. Currently, OPEC’s production is roughly 30.8 million bbl/d. According to the December report by the IEA – International…
Many commodities prices moved in a mixed trend on the second business day of the week as many commodities investors are plausibly awaiting for the announcement of the FOMC tomorrow: WTI and Brent oil prices slightly increased yesterday; the prices…
Gold and silver started off the week slightly rising. Will this trend continue? Yesterday, China’s trade balance report came out and revealed China’s exports rose by a much lower pace than many had anticipated. This news, however, didn’t seem to…
The ongoing debates regarding the fiscal cliff raise the question how it will affect precious metals prices. Let’s take a closer look on this issue and potential ramifications passing the fiscal cliff could have on precious metals markets. It’s still…