Gold and silver prices slightly rose last week as the ECB promises more stimulus to follow, which could keep the U.S. dollar strong against the Euro. This week, the main event is the FOMC meeting that could impact the direction…
The recovery of gold and silver slowed down as two forces moving in opposite directions impacting precious metals prices: The rally of USD – dragging down PMs – and the rise in global economic gloom as reflected by lower long…
The year started off with a lot of volatility mostly attributed to the selloffs of Chinese stocks. The growing concerns over what’s next for China pulled back up the demand for gold and silver. But then the NFP report came…
The gold and silver market didn’t have a good year with a 10% drop in prices. Will 2016 be any different? A lot will ride, yet again, on the Federal Reserve policy. And this week we have two reports that…
The last week of the year is upon us. And this week, much like last one, will be a short one with low trading volume. This could result in lower volatility, albeit in the past volatility tended to pick up.…
The Fed finally raised its cash rate by 0.25 basis points to a range of 0.25-0.5%. The reaction in was quite subdue and perhaps even a bit underwhelming as market were prepared for this decision. The U.S. dollar still rallied…
The gold and silver market is heading towards an important week as the upcoming FOMC meeting will eclipse any other event. In the last FOMC meeting the members decided that a rate hike in December will most likely be the…
Precious metals prices bounced back as the U.S. dollar devaluated against the Euro – mainly after ECB’s Draghi didn’t meet market estimates and only reduced the deposit rate to -0.3% without introducing an expansion of QE. And then the NFP…
Silver and gold prices fell again in the past week as the U.S. dollar kept rising and the market raised the odds of a December rate hike by the FOMC. Will this week be any different? The focus will shift…
As the U.S. dollar rallied against other currencies – mostly against the Euro and Yen – gold and silver kept slowly falling. Does it mean it’s only downhill from here on to the end of the year for precious metals…