The FOMC decided, as expected, to keep rates unchanged this time, but left the door open for two rate hikes this year. But the FOMC also lowered its outlook for rate hikes in the coming years (as indicated from the…
The market sentiment remains bearish in the markets – in part driven by the lingering adverse impact the disappointing NFP report. This sentiment helped bring down long term interest rates, which in turn, also coincided with the recent rally of…
The NFP report made it rain again for the gold and silver as their prices recovered following the extremely lower than expected headline figure of only 38K jobs in May; even the mitigating factors (the Verizon labor dispute) could have…
Precious metals took another dive this week after the hawkish FOMC minutes kept resonating the markets. And the recovery of the U.S. dollar – mostly against the Euro and Yen – also contributed to the weakness of the bullion market.…
Gold and silver took another hit this week mainly after the minutes of the last FOMC meeting were released and managed to convince the market that a June rate hike is a viable option – albeit the chances are still…
The bullion market lost some steam over the past week as the USD rallied against the Euro and Yen; overall gold and silver declined by 1.6% and 2.3%, respectively, on a weekly scale. Looking forward the focus in the markets…
The bullion market rode again on the coattails of the weaker USD – as it devaluated mostly against the Yen and Euro – following the FOMC’s statement, which was mostly positive about the U.S. economy but didn’t offer any hints…
The divergence in the bullion market continued for a second week in a row as silver finished the week up while gold – slightly down. This divergence, however, may not last long considering the busy week ahead that includes several…
Gold and silver didn’t move in concert as they usually do during last week. The USD slightly appreciated against the majors even though the market reduced its expectations of a Fed rate hike this year – for now the chances…
Precious metals started off last week on a negative note but as the week progressed they changed direction and rallied. The dovish/bearish statements of Yellen in the recent panel discussion along with the minutes of the previous FOMC meeting helped…