Gold and silver prices tumbled down during the last couple of days of last week: the ECB rate cut decision and the disappointing U.S employment report may have been among the key factors dragging down bullion rates. Will this downward…
Last week gold and silver prices didn’t do much at the first few days of the week but after the Fourth of July Vacation precious metals tumbled down. This decline was mostly likely due to the ECB rate reduction from…
Gold and silver prices declined following the ECB decision to cut interest rate by 0.25pp to 0.75% and deposit rates from 0.25% to zero. This news also adversely affected the Euro/USD. Several U.S reports were published yesterday: U.S jobless claims…
Following the U.S Independence Day holiday there are many publications and reports that will come out today that could affect the bullion markets. As expected, ECB announced it will cut its interest rate for July by 0.25 percent point to 0.75%…
Gold and silver prices bounced back on Tuesday after they had declined on Monday. Yesterday it was reported that the U.S factory orders (new orders) rose by $2.7 billion in May. The recent news of the IMF lowering the U.S…
Gold and silver prices started off the week falling after they had risen on Friday. The decline in China’s manufacturing PMI index and the tumble of U.S manufacturing PMI to its lowest level since 2009 may have contributed to the…
Gold and silver prices changed direction on Friday and hiked along with other commodities rates. The resolution in the EU Summit helped rally of Euro/USD that dragged along with it other currencies and commodities rates. Will this rally continue this…
Last week gold and silver prices continued to zigzag with an unclear trend until Friday when both metals along with the rest of other markets including forex, commodities and stocks hiked. The EU Summit and the conclusion from it had…
Gold and silver prices tumbled down yesterday along with many other commodities rates and U.S stock markets. This negative sentiment is likely to shift as the EU Summit concluded yesterday with a decision to establish a united supervisory mechanism for…
Gold and silver prices didn’t do much yesterday as gold edged up while silver slipped. The rise in U.S pending home sales index and U.S core durable goods as indicated in their respective reports, may have contributed to the rise…