Precious metals prices have had an upward trend during last week. Gold rose every day of the week; silver increased every day as well except on Thursday. The speculation continues to run high about the possibility of the Fed introducing…
Precious metals prices took a sharp turn on Friday and recorded their largest single day gain in a while. Gold rose by 3.7% – the last time the price of gold increased by such a rate was back in August…
Precious metals prices declined again during the first part of the week only to trade up during the second part of the week. In Europe the conditions haven’t changed as the speculation around Grexit is still on. I have reviewed…
The bets are running high on the speculation around the possibility of Greece exiting the European Union AKA Grexit. How plausible is this scenario? And how such an event might affect the prices of gold and silver? Let’s examine these…
The precious metals market continued to show weakness all through last week as both gold and silver sharply fell. During the month so far gold has shed 4.82% off its value and silver tumbled down by 6.85%. At the current…
Yesterday the U.S. Manufacturing ISM report was released; according to the recent report, the U.S. Manufacturing PMI growth rate increased to 54.8% during April 2012. The U.S. Manufacturing PMI is an index that estimates the economic progress of the U.S.…
Major commodities prices changed direction and slipped during yesterday’s trading. Â Gold and silver were traded down; crude oil prices also declined despite the recent news of EU’s sanctions on Iran to boycott its oil; natural gas price continued its rally…
Gold and silver prices continued to recover from the downward trend of December and presented strong numbers during the first couple of weeks of 2012. The ECB’s decision to keep the Euro interest rate unchanged may have helped keep the…
Gold and silver changed direction and traded down along with the rest of the market following the announcement that S&P will cut the credit rating of France and Austria from AAA to AA+. The other leading rating agencies left these…
Gold and silver continued their upward trend and moderately rose in Thursday’s trading; on the other hand, major energy commodities were traded down: crude oil prices declined, and natural gas price continued to sharply decrease. Major currencies appreciated against the…