The prices of gold and silver resumed their upward trend and rose again during yesterday’s trading. The gold market was very quiet on Monday as the volume of trade in the CME was the lowest since Christmas Day of 2012.…
Gold and silver prices continued their rally and spiked yesterday. In the forex market the USD sharply depreciated against leading currencies including Euro and Aussie dollar. Despite the deal that was struck between GOP and Obama regarding the debt ceiling…
The highly anticipated debt ceiling breach didn’t come as President Obama was able to pass in both houses the vote to raise the debt ceiling and partly fix the budget by reopening the government until mid-January. The debt ceiling will…
The prices of gold and silver changed direction and started off the week on a positive note. The uncertainty around the U.S government shutdown and raising the debt ceiling is likely to keep affecting the volatility in the financial markets.…
The prices of gold and silver resume their downward trend as both precious metals’ prices tumbled down last week. The political developments in the U.S revolving approving the budget – that resulted in the current government shutdown – and raising…
The recent speculations around the potential progress in finding ways to end the U.S government shutdown may have contributed to the sharp rally of U.S stock market, US dollar and several commodities such as oil. On the other hand, gold…
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…
The prices of gold and silver remained nearly flat yesterday after they had rallied on Monday. Their low volatility might be related to the U.S government shutdown, which may have reduced the volume of trade in the financial markets. Moreover,…
The gold and silver market continues to seek direction and much like last week, prices of precious metals have changed direction from Friday and bounced back. Their recent rally coincided with the recovery of the Euro against the USD. The…
The prices gold and silver kicked off the month on a negative note as both precious metals tumbled down. This recent fall may have been related to the expiry of future contracts as more investors have exited the bullion market.…