The U.S. dollar remains weak and keeps fueling the rise of gold and silver prices. Last week, the main economic reports from the U.S. were in general not encouraging: The core CPI grew to an annual rate of 1.9% —…
The gold and silver market, continued their rally from the previous week – following the weaker than expected NFP report. This time, the minutes of the FOMC didn’t offer any big headlines and updates about the Fed’s decision or the…
The week started off with sharp falls for gold and silver, but the latest NFP report turn things around for precious metals as they ended the week on a high note. But will this rally continue or will be short…
The gold and silver market cooled down last week, as the U.S. dollar bounced back and started to appreciate against leading currencies such as the Euro British Pound and Yen. The U.S. GDP showed a growth of 3.9% — higher…
The highly anticipated FOMC meeting concluded not with a bang – raising rates – but with whimper – keeping us guessing when the next rate hike will occur. In the statement and in Chair Yellen’s press conference it was clearly…
Gold and silver prices fell again last week, as the U.S. dollar depreciated against leading currencies. Will gold and silver change course this week? We could dance around the obvious and talk about the other reports and events that are…
Following the stronger than expected U.S. GDP report, the non-farm payroll came short of market expectations with 173,000 jobs – 47,000 jobs lower than anticipated. This news reduced but didn’t eliminate the chances of the Federal Reserve raising rates in…
The high volatility in the financial markets has also kept moving gold and silver prices – albeit mostly downward. Although they did bounce on Friday, precious metals were still down for week: gold and silver fell by 2% and 5%,…