Gold and silver prices bounced back from Wednesday’s tumble. The U.S unemployment claims edged up to 353k, which may have strengthened the US dollar during yesterday against many currencies. Currently gold and silver prices are slightly falling. Today Canada’s GDP…
Gold and silver prices changed direction and plummeted yesterday: silver, even more than gold, declined by 6.89%. The last time gold and silver declined so sharply and promptly was back on December 14th when the FOMC disappointed bullion traders as…
Gold and silver prices sharply increased yesterday and thus are about to complete one of their best performing weeks in February. Currently gold and silver prices are declining. Today, the U.S. new home sales report will be published and the…
Gold price continued its upward trend and moderately increased yesterday, while silver changed direction and was traded down. Currently gold and silver prices are increasing. The recent manufacturing PMI reports showed that EU and China’s manufacturing might have shrunk during February.…
Gold and silver prices started off the week with very sharp gains. Yesterday’s gains were the sharpest this month (so far), which only goes to show how February is much less volatile than January. Currently gold and silver prices are…
I have already written and posted my projections for silver price in 2012 along with an analysis for the major events that affected its development during 2011. In this post I will examine the potential outcomes of silver price during…
Gold and silver prices slightly declined again on the first day of the week, but currently they are moderately rising. The recent news of the unexpected rise in the German confidence report maybe among the factors to further rally the Euro and thus…
Gold and silver prices recorded last week one of the worst weekly performances in 2011. Will this week continue the sharp declines in precious metals prices, or will they recover during this week. The major news item came today from…
Gold price continued to decline yesterday after the sharp falls recorded a day earlier; silver price on the other hand changed direction and slightly rallied. The U.S. Producer Price Index slightly inclined according to yesterday’s PPI report, and the Philly…
Gold and silver prices sharply declined yesterday along with other commodities prices such as crude oil prices; this may have been triggered by the recent FOMC meeting and the disappointment of the markets from no new stimulus plan. But today…