The highly anticipated minutes of the FOMC meeting came out yesterday, and as many had expected, the minutes revealed that the recent no-taper decision from the September FOMC meeting wasn’t a clear cut decision. Some members thought it’s high time…
Last week, leading commodities including oil and silver rallied. Conversely, other commodities such as gold and natural gas declined. The uncertainty around the progress of the U.S economy as the government shutdown continues may keep commodities moving in different directions.…
Following the sharp drop in prices of bullion on Monday and Tuesday, precious metals changes direction and bounced back yesterday. Their rally was accompanied with the rise of the Euro against the USD. In Europe, ECB didn’t change policy and…
The high volatility of gold and silver prices during Thursday and Friday resulted in gold and silver only slightly rising during the week compared to last week’s prices: Gold rose by 1.85% and silver by 0.94%. The highly anticipated FOMC…
The gold and silver market has cooled down last week: The price of gold fell by 5.61%; silver plummeted by 9.10%. In anticipation for next week’s FOMC meeting, the market may have adjusted to the possibility that the Fed won’t…
The price of gold slipped during the previous week by 0.69% while silver bounced back and rose by 1.59%. The market still waits for the FOMC’s next meeting, which will take place in less than two weeks. Even if the…
The rally of precious metals didn’t last long as both gold and silver changed direction and tumbled down on Wednesday. Their recent fall erased their gains from Tuesday. Their unclear trend in the past couple of days doesn’t seem related…
The prices of gold and silver didn’t do much during the past week: The price of gold inched up by 0.06%, while silver slipped by 1.1%. This brings the past three weeks’ rally of both gold and silver to a…
The prices of silver and gold changed direction and slipped on Wednesday. Their recent decline coincided with the changes in the forex markets. The recent developments in the Middle East including Syria and Egypt may have contributed to the strengthening…
The prices of gold and silver continued their rally during last week. Despite the high expectations the publication of the minutes of the last FOMC meeting didn’t offer any additional information or insight behind the future steps of the Fed.…