The prices of silver and gold changed direction and fell on Thursday. The recent comments made by ECB President Draghi regarding the strength of the Euro raised the speculations that the ECB might cut its cash rate in the near…
The prices of gold and silver bounced back on Wednesday. Their rally didn’t coincide with the depreciation of the Euro and other risk related currencies against the USD. Will gold and silver continue to rise? Currently gold and silver prices…
The prices of gold and silver shifted again in an unclear trend yesterday: gold inched down while silver rose. This unclear trend was also recorded in the currencies markets as the Euro appreciated against the USD while some other currencies…
Precious metals prices resumed their upward trend mainly during the first couple of weeks of the September in anticipation of many bullion traders for another intervention of the FOMC. This bet paid off because on September 13th the FOMC announced…
Following the decline of precious metals during most of the week, they have changed direction as both gold and silver prices pulled up on Thursday along with the rest of the market including oil prices, the Euro and major stock…
The prices gold and silver declined yesterday and thus since September 14th, following the announcement of the FOMC to launch QE3, the price of silver fell by 2.07% and gold by 1.08%. The same goes for the Euro and other “risk…
The prices gold and silver remained nearly unchanged yesterday and thus they have both continued their unclear trend from last week. Yesterday, President of Federal Bank of Philadelphia commented on the recent decision of the FOMC to launch QE3. He…
The prices gold and silver declined on the first day of the week along with other commodities and foreign exchange rates such as Euro and Aussie dollar. The Euro market is still waiting for Spain to request the ECB to…
The prices gold and silver remained nearly unchanged during last week, as the effect of the announcement of the FOMC to launch QE3 seems to have dissipated (for now). Further, this announcement might have been an opportunely for many traders…
The prices gold and silver didn’t do much yesterday again even though there were sharp falls in other commodities markets most notably the drop in oil prices. Housing starts rose by 2.3% in August while building permits declined. Existing home…