Gold and silver decreased on Monday after the price of silver rallied on Friday. Last week’s developments including: the publication of the U.S employment report, the FOMC meeting, and ECB rate decision didn’t stir up precious metals markets. This week…
Gold and silver prices didn’t do much in the past couple of days and only slowly slid down after the publication of the FOMC statement following its meeting. The ECB left its policy unchanged as Draghi reiterated his pledge for…
Gold and silver changed direction and slipped yesterday after both precious metals had increased a day earlier. This unclear trend started last week. The low volatility of gold and silver might change and start to pick up if the upcoming…
Last week started with sharp gains for gold and silver, but this week started with very modest gains. In the coming days, however, the volatility might start to pick up, which could result in sharper movement in the prices of…
The prices of silver and gold changed direction and bounced back from their two day fall. Their recent rally coincided with the recovery of leading currencies such as Euro and Japanese yen against the USD. In the U.S, jobless claims…
Gold and silver prices continued their fall and declined for the second consecutive day following their sharp rise on Monday. In Europe flash manufacturing PMI indexes rose during July: EU PMI rose to 50.4 (in June it was 48.7); Germany’s…
The spike in gold and silver prices didn’t last long and following their spike on Monday, precious metals changed direction and slipped on Tuesday. The recent disappointing manufacturing PMI for China, in which the PMI index estimated by HSBC fell…
Following a slow week, the precious metals market reheated as both gold and silver spiked on the first business day of the week. Their rally wasn’t due to latest developments in the forex market although the US dollar did depreciate…
Gold and silver haven’t done much on Thursday. Their little movement coincided with the slow movement in the forex market. Bernanke’s testimony in Senate didn’t offer much additional insight as to the Fed’s future steps regarding tapering QE3. In the…
Gold and silver prices changed direction and declined on Wednesday. Their fall coincided with the appreciation of the US dollar against leading currencies including Euro and Canadian dollar. IN his testimony in front of Congress, Bernanke reminded that the Fed…