Tag: bullion rates

Gold and Silver Prices Outlook for April 1-5

Gold and silver resumed their downward trend and slightly declined during most of last week. The latest developments, which stir up the Euro and other risk related currencies, from Cyprus were that uninsured deposits will suffer a haircut of 60%.…

Gold and Silver Prices Outlook for March 25-29

Gold and silver continued to zigzag in an unclear trend during the previous week despite the many news items on last week’s agenda:  The recent news from Cyprus is that its parliament passed on the bailout plan, which isn’t likely…

Gold and Silver Prices Outlook for March 18-22

Gold and silver didn’t do much during last week. Their price volatility also remained low. Several reports came out during last week: retail sales rose by 1.1% in February; jobless claims declined again by 10k to reach 332k; the PPI…

Gold and Silver Prices Outlook for March 11-15

Gold and silver changed course and slightly increased during last week. Their modest rally coincided with the rally of other commodities and stock markets and despite the moderate depreciation of leading currencies against the USD. Last week, ECB left the…

Gold and Silver Prices Outlook for March 4-8

Gold and silver inched down during last week, despite their sharp rally at the first couple of days. Bernanke remained dovish in his testimony at the Hill vis-à-vis the Fed’s monetary policy; he kept defending it and stating this expanding…

Gold and Silver Prices Outlook for February 11-15

Gold price remained virtually unchanged as it inched down on a weekly scale. The price of silver declined. Their modest fall partly coincided with the depreciation of the Euro and Aussie dollar against the USD. ECB President Mario Draghi’s remarks…

Gold and Silver Prices Outlook for February 4-8

Gold and silver continued to trade up last week; their rally coincided with the appreciation of the Euro and Canadian dollar again the USD and other commodities such as oil. The FOMC kept its policy unchanged. This news, however, seems…