The recent “non decision” of ECB President, in which he decided to keep the ECB’s cash rate unchanged helped pull up the “risk related currencies” including the Euro and Aussie dollar. BOE also left its policy unchanged. In the U.S…
The equity markets tumbled down for the second consecutive day. The fall in stock markets may have contributed to rally of precious metals prices. Their rally came despite the sharp depreciation of “risk related currencies” such as the Aussie dollar.…
The prices of gold and silver changed direction and slipped on Tuesday. Their fall coincided with the depreciation of “risk related currencies” such as the Aussie dollar. Yesterday, Reserve Bank of Australia left its rate unchanged at 2.75% but left…
Precious metals market heated up on Monday after gold and silver prices haven’t done much during last week. The recent positive news of the growth in China’s manufacturing PMI while the U.S manufacturing has tumbled down may have helped pull…
Precious metals continued to rally as gold and silver rates rose for the second consecutive day. In the U.S, jobless claims rose by 10k to reach 354k during the previous week; the second GDP estimate was published yesterday: the U.S…
The prices of precious metals changed direction and bounced back on Tuesday. Their recovery coincided with the decline in equity markets and the rally of leading risk related currencies such as Euro and Aussie dollar. In Europe, the recent monetary…
The prices of gold and silver resumed their downward trend and fell yesterday. In the U.S, consumer confidence sharply rose from 69 in April to 76.2 in May. The rise in the index may have helped pull up U.S equity…
Bullion market slightly heated up last week as gold and silver prices rallied during last week. The recent cool down in stock markets in the U.S may have contributed to the recovery of precious metals. In the forex markets, the…
Precious metals changed direction and rallied on Thursday following the decline in the U.S equity markets. The sharp drop in the Japanese equity markets may have dragged down along with it the Japanese yen and other equity markets. In the…
Precious metals changed directions and fell yesterday. Their decline coincided with the rally of U.S equity markets. Conversely, the Euro and other leading “risk related currencies” also rose yesterday. Today, the Fed will publish the minutes of the April/May meeting.…