The prices of gold and silver remained virtually unchanged again. The recent decision of ECB to keep its rate unchanged may have contributed to the sharp gain in the Euro against leading currencies including the USD. Other leading risk currencies…
The recent monetary policy meetings of Bank of Canada and Bank of Japan didn’t lead to any big changes as both banks left their respective policy unchanged. Bank of Japan members voted against stepping up the asset purchase program. Bank…
The prices of precious metals slightly rose again for the second straight day. The volatility might pick up as the week will progress as the main events and reports of the week will come into fruition by then. The main…
The rates of silver and gold remained virtually unchanged on the first of day of the week. In Australia, RBA left its policy unchanged and didn’t cut its cash rate. Governor Stevens was upbeat about the rise in capital expenditures.…
The prices of silver and gold didn’t do much during last week: both metals started off the week rising, but they have changed course and tumbled down during the second part of the week. One of the main events last…
Gold and silver inched down during last week, despite their sharp rally at the first couple of days. Bernanke remained dovish in his testimony at the Hill vis-à-vis the Fed’s monetary policy; he kept defending it and stating this expanding…
Gold and silver continued to trade down for the second consecutive day. The recent news from U.S: GDP for Q4 expanded by 0.1%; this was a correction to the preliminary estimate in which the GDP was reported to have dropped…
The prices of gold and silver changed direction and fell after they had increased at the first couple of days of the week. After Bernanke’s testimony in the Senate, he turned to the House of Representatives yesterday. Bernanke remained about…
The prices of both gold and silver continued to rally yesterday. Thus, they have completed a two day rise in prices. Their rally, however, didn’t seem to coincide with the developments in the forex markets as many risk currencies such…
The bullion market shifted gear and both gold and silver bounced back yesterday, following their plunge during last week. The Italian elections resulted in a deadlock which may have led to the weak Euro. This news, however, didn’t seem to…