Following the stronger than expected U.S. GDP report, the non-farm payroll came short of market expectations with 173,000 jobs – 47,000 jobs lower than anticipated. This news reduced but didn’t eliminate the chances of the Federal Reserve raising rates in…
The high volatility in the financial markets has also kept moving gold and silver prices – albeit mostly downward. Although they did bounce on Friday, precious metals were still down for week: gold and silver fell by 2% and 5%,…
The recent news from China regarding the low manufacturing PMI, which reached 47.1 the lowest since 2009, has brought down the U.S. stock market. And even the minutes of the FOMC seem to have lowered a bit the odds of…
The Chinese move to devalue its currency was a step in the right direction for China’s economy. But for now there are no expectations for any additional sharp changes in the value of the yuan. The bullion market seems to…
The NFP report came close, but still a bit short, of market estimates. This report, however, didn’t provide any clarification about the Fed’s rate hike timing, if at all, any more than the FOMC meeting did in the preceding week.…
Never a dull moment for bullion investors in the past months: Last week, bullion prices bounced back, even though other major commodities mainly in the energy sector kept coming down. The rally came when the FOMC, wait for it, didn’t…
Despite the slow week we had in the financial markets with no big event or news release, the gold market took another hit with a flash crash at the beginning of the week. By the end of the week, gold…
The Greek drama continues, but for the financial markets the impact of the Greek debt crisis has weakened. Gold and silver prices took a sharp hit to the chin in the past week. Between the recovery of the USD and…
The bullion market was also affected by the Greek debt drama as it shook up the financial markets. Despite the recent rise in volatility, the prices of both gold and silver only slightly decline on a weekly scale. Even the…
The big event of the week will be the aftermath of the Greek referendum — the results are in: 61% voted “No” against the bailout terms of the EU. Besides the Greek Drama, last week the non-farm payroll report was close…