The precious metals market continues to cool down and both gold and silver plummeted during the week to their lowest level in months. In the forex market several currencies such as Japanese yen and Aussie dollar depreciated against the US…
The gold market remained stagnate and the price of gold didn’t form a trend during the past week. On the other hand, silver price continued its downward trend from previous weeks and tumbled down mainly during the first part of…
Last week brought along with it many news items that resulted in the strengthening of the US dollar against the Euro, Aussie dollar and Canadian dollar. The prices of gold and silver moved in the same direction and tumbled down…
Last week, the FOMC meeting may have rekindled the speculations of tapering QE3 in December. The market reaction soon followed as the USD rallied and precious metals prices tumbled down. Looking forward, will the US dollar continue to rally? This…
The precious metals market cooled down at the end of the month and both gold and silver prices tumbled down on Thursday – the last trading day of the month. In the last four consecutive months gold and silver declined…
The FOMC’s meeting ended with no dramas and it was decided to keep the monetary policy unchanged. Gold and silver recovered from their recent slump and slightly rose yesterday. In U.S news, the consumer price index for September inched up…
The precious metals market reheated as the prices of gold and silver rallied again for the second consecutive week. Their recent rise coincided with the ongoing depreciation of the USD against the Euro and Japanese yen. The main news item…
The rally of gold and silver prices reached a halt as both precious metals fell yesterday after they had rallied during the first two days of the week. Bank of Canada left its policy unchanged and kept the interest rate…
The precious metals market reheated as the prices of gold and silver bounced back form their recent descent. The government shutdown ended with a short term solution as the budget talks will continue with a revised deadline of the middle…
The gold and silver market has cooled down again during the past week as both precious metals prices took a nosedive. The highly anticipated publication of the minutes of the September FOMC meeting came out. The minutes revealed that most…