Precious metals prices changed direction and following their sharp tumble on Friday, they bounced back on Monday. Will their rally persist? The recent rally of precious metals came in a slow business day as volume of trade wasn’t high. The…
The precious metals continue to seek direction: Yesterday the prices of silver and gold bounced back and thus changed direction again. Their rally coincided with the rise of other commodities including oil. The recent U.S reports gave a mixed signal…
Gold and silver prices changed direction and fell yesterday. The U.S economy continues to show signs of progress as new factory orders rose by 2.1% during May. In Australia, the Reserve Bank of Australia left its policy unchanged and the…
Gold and silver prices continued to rise for the second consecutive business day after precious metals had plummeted in the past couple of weeks. Their rally was despite the news of the U.S manufacturing PMI report for June, in which…
The prices of precious metals slipped again yesterday. Gold has almost fallen below $1,200 mark and silver is getting closer to the $18 mark. The positive news from the U.S regarding its economic progress may have contributed to the rally…
Gold and silver resumed their downward trend and tumbled down yesterday. Their fall coincided with the depreciation of several currencies against the USD including Euro.  Following Tuesday’s  reports that showed growth in the U.S economy, yesterday the last update of…
After last week’s plunge in gold and silver prices, precious metals continued this trend and fell on the first day of the week.  The Fed’s next move seems to keep precious metals’ high sales. Will gold and silver bounce back…
Gold and silver remained flat during most of the day but the latest press conference of the Fed stirred up the forex markets. Gold and silver are currently trading sharply down  – gold fell below the $1300 mark for the…
Precious metals much like many other commodities and currencies pairs haven’t done much yesterday as both gold and silver slightly declined. Other currencies including the Aussie dollar and Canadian dollar also slightly fell against the USD. Yesterday, U.S housing data…
Gold and silver prices haven’t dome much in the past several days as precious metals traders are waiting for to see what the Fed will do next. Today the FOMC meeting will commence will conclude tomorrow with a statement and…