Gold and silver bounced back on the last day of last week but this rally might not last long. According to the recent Chinese GDP report for Q2, China expanded by only 7.6 in annual terms. There are many items…
Gold and silver, much like many other commodities, didn’t do much yesterday as both metals moved in different direction for the second consecutive day. The U.S jobless claims decline by 26 thousand to 350k. China’s GDP growth rate report for…
Gold price declined again for the second consecutive day. Silver, on the other hand edged up. The recent minutes of the June FOMC meeting didn’t provide any hints of possible implementations of QE program in the near future. Several FOMC…
Gold and silver prices tumbled down during the last couple of days of last week: the ECB rate cut decision and the disappointing U.S employment report may have been among the key factors dragging down bullion rates. Will this downward…
Gold and silver prices declined following the ECB decision to cut interest rate by 0.25pp to 0.75% and deposit rates from 0.25% to zero. This news also adversely affected the Euro/USD. Several U.S reports were published yesterday: U.S jobless claims…
Following the U.S Independence Day holiday there are many publications and reports that will come out today that could affect the bullion markets. As expected, ECB announced it will cut its interest rate for July by 0.25 percent point to 0.75%…
Gold and silver prices bounced back on Tuesday after they had declined on Monday. Yesterday it was reported that the U.S factory orders (new orders) rose by $2.7 billion in May. The recent news of the IMF lowering the U.S…
Gold and silver prices started off the week falling after they had risen on Friday. The decline in China’s manufacturing PMI index and the tumble of U.S manufacturing PMI to its lowest level since 2009 may have contributed to the…
Gold and silver prices changed direction on Friday and hiked along with other commodities rates. The resolution in the EU Summit helped rally of Euro/USD that dragged along with it other currencies and commodities rates. Will this rally continue this…
Precious metals prices didn’t do much on a monthly scale even though there were many events and news items that shifted gold and silver from gains to losses with an unclear trend. The FOMC decision to extend operation twist on…