The prices of gold and silver didn’t do much last week as gold inched down by 0.1% and silver rallied by 0.8%. This low volatility is likely to continue on the last week of 2014. There are still a couple…
The bullion market cooled down again last week even though the recent FOMC statement was relatively balanced and the market’s reaction was relatively calm. This upcoming short week is likely to entail low volatility as the year is winding down.…
Gold and silver resumed their recovery again, while the U.S. dollar sell offs against leading currencies took place. This week, however, the highly anticipated FOMC meeting could stir up the bullion market again and perhaps even change its direction. This…
The bullion market showed high volatility as gold and silver rallied during most of the week until the end when the non-farm payroll report showed a higher than expected gain in number of jobs. This week the JOLTS report will…
The recovery of precious metals came to halt last week as both gold and silver prices tumble down by around 2% and 5%, respectively. This week the main report of the week is the NF payroll report, which could impact…
The prices of gold and silver recovered again in the past week mainly by the end of the week following the recent decision from Beijing to slash the interest rate in order to deal with the economy’s sluggish growth rate…
The recent rally of gold and silver coincided with the pull back in U.S. dollar. The latest JOTLS report didn’t meet market expectations but was still very good overall after considering the headlines. This week, the main even will be…
Gold and silver bounced back on Friday following the release of the U.S. NF payroll report, which was slightly below expectations in terms of growth in number of jobs – 214K and not 230K as anticipated. Despite this rally, both…
The tumble in gold and silver came following the announcement of the FOMC to end QE3 and hawkish statement. The U.S. GDP for the third quarter also provided some backwind for the U.S. dollar and dragged down bullion prices. Finally,…
The recent recovery of the U.S. dollar along with the rally of U.S. equities provided the proper climate to see gold and silver fall down. Moreover, the latest interview given by Bullard gave the necessary excuse to keep the speculations…