Gold and silver spiked during yesterday’s trading. The volume of trade also rose as the ramifications of Bernanke’s remarks may have contributed to the rally of not only precious metals prices but also equities. The current expectations are that the…
During last week gold and silver moved in an unclear trend. Last week, Jobless claims slipped by 12k to reach 346k; U.S retail sales rose by 0.6%; PPI bounced back in May by 0.5%. These reports may have contributed to…
The prices of gold and silver fell again yesterday. For gold this was the sixth consecutive business day in which it has declined. For silver it was the third straight day. Their decline coincided with the devaluation of the Euro…
Gold and silver tumbled down again during yesterday. Their plunge coincided with the devaluation of the Euro against the USD. Moreover, the ongoing recovery of the equities markets as seen with the rally of the S&P500 index and other indexes may…
Precious metals resumed their downward trend and fell during yesterday. The fall of gold and silver prices coincided with the drop of leading “risk related currencies” such as the Euro and Aussie dollar against the USD. In the equities markets…
Precious metals along with other commodities such as crude oil continue their recovery from last week’s tumble. This correction might hint that the upcoming U.S GDP report that will be published today might not be positive and could even show…
The prices of gold and silver bounced back on Wednesday after they had declined a day earlier. Their recent rally coincided with the recovery of other commodities prices such as oil. U.S durable goods report came out yesterday: the report…
Precious metals continue to zigzag as both gold and silver changed course again and fell during yesterday. Several U.S reports showed a mixed signal as to the progress of the U.S economy: the flash manufacturing PMI (opens pdf) for April…
The week started on a positive note for both gold and silver as they bounced back from their plunge during last week. Yesterday, it was reported that U.S existing home sales slipped in March on account of limited inventory. The…
Gold and silver tumbled down during last week. Will gold and silver change course and rally this week? As I have stated in the recent precious metals weekly outlook, several reports may affect bullion rates. These items include: U.S new…