The prices of precious metals have changed direction and rallied yesterday after they had declined for three consecutive business days. Their rally coincided with the rally of the Euro/USD and the drop of U.S stock markets. In the U.S, new…
The prices of gold and silver continued their downward trend and completed yesterday a three day drop. Their recent descent coincided with the ongoing weakening of leading currencies against the US dollar. In the news, the German IFO Business Climate…
The gold and silver market has cooled down from last week’s high volatility, following last week’s FOMC’s no-tapering decision. On Monday, gold and silver slightly declined. Their decline coincided with the downfall of other commodities such as crude oil. In…
Gold and silver prices sharply rose yesterday following the decision of the FOMC ot keep its policy unchanged without tapering its asset purchase program. The progress of the U.S economy will continue to affect FOMC members and whether there will…
Despite the high expectations, the FOMC left its policy unchanged and didn’t decide to taper its asset purchase program at this point. This decision has had an immediate effect on the financial markets: Long term treasuries yields have dropped; the…
Gold and silver changed direction and after they had rallied on Monday, they pulled back down and fell on Tuesday. The FOMC meeting will end today, in which the FOMC will decide on any changes to its policy. If the…
The prices of gold and silver started off the week on a positive note as both metals bounced back from last week’s tumble. But this rally might not last long with the FOMC meeting will reveal a change in its…
Gold and silver plummeted on Thursday: Gold price tumbled down by 2.43% and silver by 4.42%. Is the market changing its perspective regarding the FOMC’s next move? It remains unclear whether the Fed will taper QE3 next week. Some analysts…
The prices of gold and silver didn’t do much on Wednesday: Gold price inched down while silver rallied after both precious metals had declined on Tuesday. Currently, however, gold and silver are falling down. The silver lining of gold was…
Despite the many news items on yesterday’s agenda including the ECB’s rate decision there were little changes in policy or surprises: ECB, as expected, didn’t change its policy and left the basic interest rate flat. But the main issue was…