Gold and silver prices changed direction again sharply rose on the last day of the week. The disappointing U.S labor report that came out on Friday rekindled the speculation of the next move of the Fed (i.e. another stimulus plan)…
Last week gold and silver prices started off the same way they have shifted during the last couple of weeks with little movement until Friday when both precious metals rates (mainly gold) spiked. The disappointing U.S employment figures were the…
Gold and silver prices changed direction again and edged down on the last day of the month. The U.S GDP for Q1 2012 was revised down to 1.9%; U.S jobless claims rose last week. On today’s agenda: GB Manufacturing PMI,…
Gold and silver prices changed direction and bounced back during yesterday’s trading. On the other hand many other commodities such as crude oil and currencies including Euro and Aussie dollar tumbled down. The European debt crisis continues to weaken the…
Last week gold and silver prices continued with their downward trend during most of the week up to Thursday. Will this downward trend continue as we are entering the last week of May? This upcoming week there are items on…
Last week gold and silver prices changed direction from a downward trend to a sudden steep increase on Thursday and Friday. Could this mean there is some fundamental shift in the bullion market that warrants such a shift? The main…
Last week gold and silver prices tumbled down and thus are headed (at thus rate) to the worst performing month (so far) in 2012. This upcoming week there are many news items on the agenda that may affect the direction…
Gold and silver prices continued their descent during yesterday. As a result of yesterday’s fall gold reached its lowest level since December 2011l. The price of silver is the lowest since January 9th 2012. There still growing concerns that the…
Gold and silver prices tumbled down during yesterday’s trading. This fall didn’t come after a fundamental change but rather on account of the recent developments in Europe, in particular the aftermath of the recent elections in France and Greece. This…
Gold and silver prices resumed their downward trend on Monday as they have declined in the past five out of sic business days. The results in the French and Greek elections may have had a slight negative effect on the…