Gold and silver continue to dwindle yesterday as gold price edged down while silver price fell again. The announcement of CME to lower the margins on gold by 10% (effective as of May 29th) may help gold price to pick…
Gold and silver didn’t do much yesterday as gold price slightly rose and silver edged down. The mixed trend of major currencies during yesterday’s trading may have contributed to the mixed trend in the bullion market. The U.S PPI sharply…
Gold and silver rose for the second consecutive day. Today there are a couple of bond auctions that will take place including Germany and U.S. Italy will also sell bonds later this week (will seek at least €9.5 billion). If…
Gold and silver started off the week with little movement as both metals shifted from gains to losses throughout the day (Monday) until both metals settled in the green column. There are renewed speculation around another stimulus plan by the Fed after Fed bank…
Gold and silver prices managed to level out on Friday after their sharp fall on Thursday. On Friday the U.S trade balance report came out and showed the goods and services deficit fell during April to $50.1 billion. The recent…
Last week gold and silver prices started off the week with little movement, but by Thursday both precious metals tumbled down after the testimony of Bernanke didn’t deliver in relaying whether another QE program might be issued in the near…
Gold and silver prices changed direction and plummeted yesterday after the testimony of Bernanke in the Senate didn’t bring the kind of news bullion traders had hoped for. Bernanke stated in his testimony that economic conditions are improving mainly the US real estate market;…
Gold and silver prices sharply increased yesterday along with other commodities such as crude oil and major foreign exchange rates including the Euro and Aussie dollar. Yesterday it was reported the Australian GDP expanded by a higher than expected rate.…
Gold and silver prices continue to change direction with an unclear trend as they have shifted from gains to losses every day in the past week and a half. Yesterday it was reported that the U.S ISM Non-Manufacturing PMI remained…
Gold and silver prices continue to zigzag and after they had both spiked on Friday, on Monday they have slightly declined. The G-7 will convene today and talk about the EU debt crisis. Currently gold and silver are trading up.…