Despite the many news items on yesterday’s agenda including the ECB’s rate decision there were little changes in policy or surprises: ECB, as expected, didn’t change its policy and left the basic interest rate flat. But the main issue was…
The rally of precious metals didn’t last long as both gold and silver changed direction and tumbled down on Wednesday. Their recent fall erased their gains from Tuesday. Their unclear trend in the past couple of days doesn’t seem related…
The prices of gold and silver resumed their upward trend and rallied the first day of the month. The recent rise in precious metals prices coincided with the sharp rise of the Aussie dollar against the USD. In Australia, the…
The precious metals market has heated up this summer as both gold and silver prices spiked during August. Will the recent rally hold up and keep bullion prices elevated or will gold and silver prices change direction and fall? Many…
The precious metals market is reheating: The prices of silver and gold sharply rose yesterday. Their rally didn’t coincide with the developments in the forex markets. But the drop in the U.S stock market including the S&P500 may have contributed…
Gold and silver didn’t do much in the past couple of days as they both moved in an unclear trend: The price of gold changed direction and slightly rose yesterday after it had slipped a day earlier. The forthcoming publication…
Precious metals prices changed direction and bounced back on Wednesday. Their rally didn’t coincide with the developments in the forex markets, in which the U.S dollar slightly appreciated against leading currencies such as Euro and Aussie dollar. In the U.S,…
After a few days in which both gold and silver prices didn’t do much, they have bounced back and sharply rose on Thursday. Their rally coincided with the recovery of leading risk related currencies against the US dollar such as…
Gold and silver prices didn’t do much yesterday as gold slightly rose while silver inched down. In the currencies markets the British pound rallied against the USD following the latest speech of BOE Governor Carney. Moreover, many other currencies also…
As many had anticipated, RBA cut its interest rate by 0.25 pp to 2.5%. This decision was expected so didn’t strongly affect the Aussie dollar yesterday. Nonetheless, gold and silver continued their downward trend and fell again. Will gold and…