Gold and silver, much like many other commodities, changed direction from last week and declined on Monday. The speculations around the future plans of ECB and Bank of China in regards to their respective stimulus plan could continue influencing bullion…
Precious metals prices, much like many other commodities, continue to zigzag with an unclear trend. This could be, among others, due to the London Olympics that shifted the attention of many traders to this prime even. The price of gold…
The price of gold changed direction and edged down on Tuesday after it had increased during the previous days. Silver, on the other hand, continued to trade up. The Euro an many other risk currencies depreciated against the USD. Currently,…
Gold and silver continued to trade up for the second consecutive day; the recent rise in bullion prices coincided with the rally of other commodities rates and stock indexes. Bernanke didn’t offer any insight as to the future steps of…
Gold and silver changed direction and rose on Friday following the higher than expected growth in U.S jobs. This rally came after bullion prices declined on Thursday following the decision of the FOMC to keep its policy unchanged. As I…
Gold and silver fell for the third consecutive day. The lingering effect of the recent FOMC decision to keep policy unchanged and ECB’s decision to leave interest rate unchanged may have contributed to the decline of not only the Euro,…
Gold and silver declined for the second consecutive day after the FOMC didn’t announce any additional monetary expansion plans. As I have pointed out, without another QE program, gold and silver will likely to remain flat. The U.S manufacturing PMI…
Gold and silver didn’t do much on the last day of July as both precious metals edged down. Many other commodities rates such as oil prices and U.S stock markets also declined. Today, the FOMC will conclude a two day…
Gold started off the week the same way it has ended the previous one, edging up. Silver rose by a larger rate than gold did. Today, the FOMC will start a two day meeting; tomorrow the FOMC will publish a…
Gold and silver edged up on the last day of the week; on a weekly scale both precious metals also increased. As I have pointed out in the gold and silver weekly outlook the main events of the week will…