Gold and silver prices slightly increased on Friday and may continue this slow-paced trading on the last day of the month. Spain published its GDP report: Spain’s GDP had contracted by 0.3% in the first quarter of 2012 – the…
Last week gold price slightly increased despite the expectations that the FOMC meeting will adversely affect bullion prices. Silver price slightly declined last week. The U.S GDP for Q1 2012 didn’t reach expectations and may have been among the factors…
Crude oil prices showed some signs of recovery as both WTI and Brent oil slightly increased during last week. They are still in their respective range of $102-$105 for WTI and $117-$120 during the past several weeks; the sharp rise…
The bullion market has slowed down during the past three months: during February gold declined by 1.67%, during March by 2.3% and during April by 0.42%. Silver hasn’t done any better. The recent FOMC meeting didn’t affect Precious Metals at…
Despite the high expectations for dramatic turns during last week’s big news items including the FOMC meeting and U.S GDP for Q1 2012, eventually there were little movements in the major forex and commodities markets. As we are entering a…
There were high expectations in the gold and silver markets for this week’s FOMC meeting that eventually didn’t have any apparent effect on precious metals prices. Thus quoting T.S Eliot: “This is the way the world ends; Not with a…