This week will be short on account of Memorial Day, but this doesn’t mean we could see a rise in volatility following the end of the long weekend in the U.S. financial markets. On this week’s agenda: U.S. durable goods,…
The change in direction of U.S. LT treasury yields along with the devaluation of the USD have pressured back up gold and silver. Is this turn of events suggests bullion prices are on their road to recovery? The minutes of…
The U.S. dollar took another beating this week as it depreciated against the Euro and yen, while the stock market didn’t do much and commodities rallied – this mainly includes gold and silver. This week, the FOMC will release the…
The U.S. jobs report showed a gain of 223K jobs, which wasn’t far off market expectations, albeit it was better than the previous report. Alas, the report also showed downward revisions for the previous jobs reports and little change in…
The recent NFP report was inline with market expectations but did present downward revisions for previous months. The aftermath of this report will continue to resonate in the markets in the coming days. Besides this labor market update, here are…
Following the disappointing March NFP report, this time the U.S. non farm payroll grew by 223K in April – inline with market expectations. The ADP report presented a gain of only 169K jobs and the market estimates were set at…
Despite the drop in precious metals prices by the end of the week, gold remained nearly flat and silver was up by 3% on a weekly scale. The recent FOMC meeting seems to have brought down gold and silver, after…
The weakness in the U.S. dollar didn’t gold and silver that kept coming down, as they have reached their lowest level this month. Will gold and silver change course again this week? The FOMC could shake things up for bullion…
The U.S. dollar resumed its descent while precious metals kept coming down. But this could all change if the FOMC were to surprise the market in its forthcoming statement. On this week’s agenda in the U.S: FOMC meeting, GDP for…
The bullion market cooled down in the past several days as both gold and silver slightly declined last week. ECB’s rate decision didn’t provide any major headlines, albeit the Euro resumed its rally. The ongoing fall in LT treasuries yields…