Today the U.S. Manufacturing ISM report was published and the U.S. Manufacturing PMI reached 50.8% during October. The U.S. Manufacturing PMI, which is an index that shows the economic activity in the U.S. manufacturing sector, grew for the 27th consecutive…
Tag: current gold prices
U.S Retail Sales Increased in September – October Report
Retails and foods services sales slightly inclined in September compared to August 2011, and were 7.9% above the sales at September 2010. The U.S. Department of Commerce issued its monthly report on the change in the U.S. retail and food…
Gold & Silver Prices | Weekly Recap 12-16 September
Gold and silver prices continue to seek direction as they zigzagged again throughout the week. The news of the liquidity program, in which the ECB along with other central banks including the Federal Reserve will provide US dollar loans to…
The ongoing rally of gold & silver | weekly recap 29 August- 2 September
Gold and silver prices ended August with moderate gains, but by the end of last week they have risen very sharply. On Friday, the US labor employment report didn’t show any increase in employment; this news is probably one of…
The fall and rise of gold & silver | weekly recap 22-26 August
Gold and silver prices changed direction and fell very sharply mainly on Tuesday and Wednesday; these falls were probably stem by the recent margin hike by CME for trading gold, and the change in direction of the anticipation of Bernanke…
The gold & silver rush | gold & silver weekly recap 15-19 August
Gold and silver prices continued their rally as they have inclined every single day of last week. Such a steady increase wasn’t recorded in precious metals prices for a long time. The sharp falls in the stock markets helped the…
The Ecstasy of gold | gold & silver weekly recap 8-12 August
Gold prices reached new highs last week as they have inclined very sharply during the first half of the week. But on Thursday and Friday gold price changed direction and declined mainly due to the CME margin hike of 22%…
The rise & fall of silver | gold and silver weekly recap 1-5 August
Silver price started to pick up and rise during the week, but it soon switched direction and fell during the last days of the week; by the end of the week, silver price finished below its starting point. Gold price,…
Gold finished on top | silver at bottom – weekly recap 25-29 July
Gold price bounced back and finished the week strong during the last week of July; silver price, on the other hand, finished the week below the price level it had started the week at; both precious metals’ prices finished the…
Gold & silver continued to rise – weekly recap 11-15 July
Gold and silver prices continued their rally and finished the week with sharp rises for the second straight week. The upward trend continued probably due to Bernanke’s testimony, the ongoing uncertainty around the European debt, and ongoing rapid growth of…