Gold and silver slightly rose during last week. Their rally coincided with the recovery of other commodities such as oil and leading “risk related currencies” such as Euro and Aussie dollar against the USD. Last week, the FOMC and ECB…
Following the Fed’s decision to keep its policy unchanged, the ECB surprised many investors and decided to lower its short term interest rate to an all time low of 0.50% – a 0.25pp reduction. This decision pulled down the Euro…
Despite the high expectations that the Fed will make a change to its monetary policy, the Fed left its policy unchanged. This includes the Fed’s $85 billion a month asset purchase program. The speculations that the Fed might lower its…
Gold and silver continued their upward trend from most of last week and rose again yesterday. The U.S pending home sales report came out yesterday and showed a moderate gain in the index: the forward looking index rose by 1.5%…
Gold and silver changed course and rallied during last week. Will gold and silver continue to rise this week? As I have pointed in the latest precious metals weekly outlook, several reports and decisions will unfold during the forthcoming week…
Gold and silver changed course and rallied during last week. Was the recent rally a correction to the plunge in precious metals prices from the previous week? Was it a shift in market sentiment? Or was it a short term…
Precious metals along with other commodities such as crude oil continue their recovery from last week’s tumble. This correction might hint that the upcoming U.S GDP report that will be published today might not be positive and could even show…
The prices of gold and silver bounced back on Wednesday after they had declined a day earlier. Their recent rally coincided with the recovery of other commodities prices such as oil. U.S durable goods report came out yesterday: the report…
The prices of gold and silver haven’t performed well in 2012. Moreover, both gold and silver haven’t increased much in the past couple of years. Is it all over for precious metals? Is the global economy doing much better in…
During last week, gold and silver prices remained nearly unchanged. The Aussie dollar declined against the USD mainly due to RBA’s decision to lower the cash rate by 25pp. This development may have contributed to the unclear trend of precious…