Precious metals prices continued to present an unclear trend during most of the month. The fall and rise of Euro/USD coincided with the movement of precious metals prices. Will this unclear trend continue in August? The main events of the…
Gold price continued to rise for the third consecutive day; silver, on the other hand, edged down. The Euro hiked after ECB President tried to assure the markets by stating ECB is prepared to do whatever it takes to preserve…
Gold and silver changed direction and pace as both precious metals bounced back on Wednesday. Yesterday it was reported that, in Q2 2012 Great Britain’s Gross Domestic Product contracted by 0.7%. This news may have contributed to the rally the…
Gold and silver didn’t do much again during yesterday as silver slipped and gold edged up. According the yesterday’s flash manufacturing PMI reports the Euro Zone and Germany continued to contract during July. Canada’s retail sales edged up by 0.3%…
Gold and silver resumed their downward trend as both precious metals declined on Monday. Many other commodities such as oil also tumbled down. China flash Manufacturing PMI was released tonight and showed the index rose to 49.5 but still means…
Gold and silver edged up on the last day of the week but on a weekly scale both precious metals slightly declined. Â As I have pointed out in the gold and silver weekly outlook the main reports of the week…
Gold and silver changed direction and rose on Thursday after they had declined for three consecutive days. The U.S reports that came out yesterday and showed a mixed signal: the U.S rate of existing home sales declined by 5.4%; US…
Gold and silver declined for the third consecutive day. The testimony of Bernanke didn’t reveal the next move of the FOMC. The U.S housing starts report came out yesterday: housing starts rose by 6.9% during June (M-o-M). This report may…
Gold and silver edged down again for the second consecutive day. The recent testimony of Bernanke didn’t offer any hints of the future steps of the FOMC. Bernanke voiced his concerns for the slow decline in rate of unemployment and…
Gold and silver didn’t do much on the first day of the week as both precious metals edged down. The U.S retails sales report for June came out yesterday and showed a slight decrease of 0.5% (M-OM). Â Currently gold and…