Gold and silver prices tumbled down during April. The minutes of the FOMC meeting may have been the trigger for the sharpest fall in the prices of bullion in a single day in recent decades. The rise in volatility of gold and silver prices in recent weeks may have been the main reason for the CME to raise on April 15th its margins on gold and silver by 19% and…
Gold and silver prices remained virtually unchanged during March. The latest developments in Cyprus dragged down the Euro but didn’t seem to influence much bullion traders. The increase in U.S money base, partly due to the FOMC’s QE3 program, doesn’t seem to pull up the demand for safe haven investments. The amount of gold hoards of the gold ETF SPDR continues to dwindle. This fall suggests the demand for gold…
Gold and silver prices resumed their downward trend during February. Their performance in the second month of the year was the worst since May 2012 – back then gold fell by 6% and silver by 10.5%. Moreover, during last month, the amount of gold holdings of the gold ETF SPDR also recorded its sharpest fall in years of over 5% compared to January. This raises the question, is the big…
The price of gold didn’t do much during January; silver price, on the other hand, bounced back from its tumble during December and rose during last month. The little movement in the price of gold on a monthly scale might suggest the market remains on the baseline and waits for the next big change in the market. The FOMC left its policy unchanged and continues with its $85 billion a…
Precious metals prices resumed their downward trend during December. This downward trend, however, was less related to the movement of the USD or the changes in other commodities prices and was plausibly related to other factors. These factors could include the changes in the supply/demand for gold, the speculations around the next move Paulson, and the change in market sentiment towards gold and silver (after all these metals haven’t perform…
Precious metals prices moved with an unclear trend during the first two weeks of November, but by the end of the month silver rose while gold edged down. The recent decision of the EU leaders to approve the next Greek bailout may have helped rally the Euro and by extension commodities prices. Several U.S reports showed signs of progress: the U.S GDP growth rate for Q3 2012 was revised up…
Precious metals price changed direction and declined during most of last month. Despite the commencement of QE3 by the FOMC it didn’t seem to affect much the prices of gold and silver. This news may, however, start affecting the prices of precious metals in the near future. Conversely, the ongoing developments in Europe, including the riots in Spain, Greece and Italy, may have curbed the rally of the Euro during…
Precious metals prices resumed their upward trend mainly during the first couple of weeks of the September in anticipation of many bullion traders for another intervention of the FOMC. This bet paid off because on September 13th the FOMC announced it will commence QE3 with no time limit. This news, however seems to have had, for now, a short term effect as the prices of precious metals remained nearly unchanged…
Precious metals prices didn’t do much during the first couple of weeks of August but then they both rallied as the renewed expectations of another stimulus plan by the Fed reignited the bullion market. The rise of Euro/USD coincided with the recovery of precious metals prices. Will this upward trend continue during September? The main events of the month will continue to be around the future steps of the FOMC…
Precious metals prices continued to present an unclear trend during most of the month. The fall and rise of Euro/USD coincided with the movement of precious metals prices. Will this unclear trend continue in August? The main events of the month will continue to be around the FOMC and the EU debt crisis: the FOMC will convene during the first week of August and the minutes of the meeting will…
