Precious metals continue to zigzag and gold and silver rates declined yesterday after they rallied a day earlier. Â Conversely, leading currencies such Euro and Aussie dollar rose against the USD yesterday. In the U.S, retail sales slightly increased by 0.6%;…
Gold and silver prices continue to seek direction as both precious metals bounced back yesterday. Their rally coincided with the fall of U.S equity markets. On the other hand, leading currencies including the Euro and Aussie dollar rallied against the…
Gold and silver prices changed direction and slipped yesterday. In the forex market the big movement came from Asia as the Japanese yen sharply strengthened following Bank of Japan’s recent monetary policy meeting. The Bank decided to keep its policy…
Precious metals market cooled down last week with renewed speculations of the Fed tapering its current asset purchase program as the U.S economy is slowly recovering (or at least appears to recover). The week started with both gold and silver…
The high volatility in the precious metals markets eased down during May after the high movement they have had during April. The recent publication of the minutes of the FOMC meeting from back in May and Bernanke’s testimony in Congress…
Gold and silver prices tumbled down during April. Â The minutes of the FOMC meeting may have been the trigger for the sharpest fall in the prices of bullion in a single day in recent decades. The rise in volatility of…
Gold and silver resumed their downward trend from the end of last week and plummeted to their lowest levels in recent years. Last weeks many talked about the recommendation of Goldman Sachs to pull out of gold and the publication…
Gold and silver plummeted during most of last week. The sharpest fall came on Friday when gold declined by 4.1%; silver fell by 4.9%. The main event from last week – the publication of the minutes of the recent FOMC…
Gold and silver changed course and rallied yesterday along with other commodities such as oil and the major “risk related currencies” such as the Euro and Aussie dollar. The main event of the week – the publication of the minutes…
Gold and silver declined yesterday and thus continued their downward trend from last week. The Japanese yen continues to loose ground against the USD and Euro, while the Euro and other risk related currencies slightly appreciated against the USD. Will…