The market is slowly adjusting to a possible rate hike in June by the Fed and even Chair Yellen in a recent interview stated that a rate hike in the coming months could be appropriate; but before the Fed meeting,…
The latest NFP came again with a mixed bag: Higher than expected growth in jobs – 242K vs. expected 195K – but lower wage growth – only annual rate of 2.2%. In the end, the USD and equities slightly rallied…
The recovery of gold and silver slowed down as two forces moving in opposite directions impacting precious metals prices: The rally of USD – dragging down PMs – and the rise in global economic gloom as reflected by lower long…
Here is a short breakdown for the week of January 18th to 22nd of the main report and events of the week including: ECB rate decision, U.S. CPI, Philly Fed index, German ZEW economic sentiment, BOC’s rate decision, U.S. industrial…
Silver and gold prices fell again in the past week as the U.S. dollar kept rising and the market raised the odds of a December rate hike by the FOMC. Will this week be any different? The focus will shift…
The U.S. dollar kept climbing up in the past week as the U.S. GDP showed a growth rate of 2.1% — a bit higher than expected. But more importantly, the market is preparing for the ECB’s upcoming rate decision and…
We begin by drilling down Draghi’s 5 drags on the euro and continue with what’s going on with the Canadian dollar and the downside pressures. We then take a deep dive into silver ETFs, ETNs and other investment paths of the precious metal before…
The U.S. dollar remains weak and keeps fueling the rise of gold and silver prices. Last week, the main economic reports from the U.S. were in general not encouraging: The core CPI grew to an annual rate of 1.9% —…
The U.S. dollar took another hit last week mainly against the Yen, Aussie dollar and British Pound. The depreciation of the USD provided some back-wind for commodities including oil and gold. This week, the main events include: ECB rate decision…
The high volatility in the financial markets has also kept moving gold and silver prices – albeit mostly downward. Although they did bounce on Friday, precious metals were still down for week: gold and silver fell by 2% and 5%,…