Gold and silver continued their downward trend throughout most of last week. The FOMC decided to purchase treasury securities at a pace of $45 billion per month starting January 2013 (in addition to purchasing mortgage backed securities at a pace…
Gold and silver started off the week slightly rising. Will this trend continue? Yesterday, China’s trade balance report came out and revealed China’s exports rose by a much lower pace than many had anticipated. This news, however, didn’t seem to…
Gold and silver edged down during last week. Will precious metals change direction and rally this week? As I have pointed out in the recent precious metals weekly outlook, there are several events and reports that may affect bullion this…
The prices of precious metals changed direction a couple of times during the day but in the end they both slightly rose, despite the fall in other commodities prices and major “risk currencies” such as Euro or Aussie dollar. ECB…
The prices of precious metals remained nearly unchanged yesterday as gold edged down while silver slightly rose. U.S non-manufacturing PMI slightly rose in November to 54.7 compared to 54.2 in October. This means the non- manufacturing sectors are growing at…
The prices of gold and silver continue to zigzag as both metals tumbled down. Other leading commodities prices such as crude oil and natural gas also fell yesterday. Will gold and silver further fall? The recent decision of RBA to…
The prices of gold and silver bounced back from their tumble on the last day of November. Will gold and silver continue to trade up? Currently, the prices of gold and silver are falling. The recent release of the U.S…
Gold and silver changed direction and traded down during most of last week. Will precious metals continue to trade down this week? As I have stated in the precious metals weekly outlook, there are several events and reports that may…
Gold and silver changes direction again and bounced back yesterday after they have declined a day earlier. According to the recent U.S jobless claims update, initial claims declined last week 23k to 393k. Further, the recent U.S GDP estimate for…
Precious metals shifted from their low volatility and fell yesterday along with other commodities such as oil. This fall may have been stem by speculation around the U.S data: the recent reports show some signs of progress in the U.S…