The prices of gold and silver resumed their upward trend and rose again during yesterday’s trading. The gold market was very quiet on Monday as the volume of trade in the CME was the lowest since Christmas Day of 2012.…
Gold and silver prices continued their rally and spiked yesterday. In the forex market the USD sharply depreciated against leading currencies including Euro and Aussie dollar. Despite the deal that was struck between GOP and Obama regarding the debt ceiling…
The highly anticipated debt ceiling breach didn’t come as President Obama was able to pass in both houses the vote to raise the debt ceiling and partly fix the budget by reopening the government until mid-January. The debt ceiling will…
The prices of gold and silver changed direction and started off the week on a positive note. The uncertainty around the U.S government shutdown and raising the debt ceiling is likely to keep affecting the volatility in the financial markets.…
The prices of gold and silver remained nearly flat yesterday after they had rallied on Monday. Their low volatility might be related to the U.S government shutdown, which may have reduced the volume of trade in the financial markets. Moreover,…
The gold and silver market continues to seek direction and much like last week, prices of precious metals have changed direction from Friday and bounced back. Their recent rally coincided with the recovery of the Euro against the USD. The…
The prices of gold and silver didn’t do much yesterday as they both changed direction again and slipped on Thursday. Nonetheless, throughout the week both precious metals moved in an unclear trend as they zigzagged from gains to losses on…
Following the sharp drop in prices of bullion on Monday and Tuesday, precious metals changes direction and bounced back yesterday. Their rally was accompanied with the rise of the Euro against the USD. In Europe, ECB didn’t change policy and…
The prices gold and silver kicked off the month on a negative note as both precious metals tumbled down. This recent fall may have been related to the expiry of future contracts as more investors have exited the bullion market.…
The prices gold and silver moved in an unclear trend in the past week. This indecisiveness in the markets might be stemmed by the uncertainty regarding the FOMC’s next step and U.S policymakers’ inability to reach an agreement on budget…