Gold and silver continued their rally from Friday and spiked on the first business day of the week. Their rally didn’t coincide with the developments in the forex markets as the US slightly strengthened against leading currencies such as Japanese…
After a few days in which both gold and silver prices didn’t do much, they have bounced back and sharply rose on Thursday. Their rally coincided with the recovery of leading risk related currencies against the US dollar such as…
Gold and silver prices didn’t do much yesterday as gold slightly rose while silver inched down. In the currencies markets the British pound rallied against the USD following the latest speech of BOE Governor Carney. Moreover, many other currencies also…
As many had anticipated, RBA cut its interest rate by 0.25 pp to 2.5%. This decision was expected so didn’t strongly affect the Aussie dollar yesterday. Nonetheless, gold and silver continued their downward trend and fell again. Will gold and…
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…
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…