The prices of gold and silver tumbled down again for the third consecutive day. The recent U.S reports showed signs of progress. U.S GDP growth rate was revised up to 3.1%; Philly Fed index bounced back in the December survey;…
The prices of gold and silver continued their downfall as both metals declined again yesterday for the second consecutive day. The recent U.S housing report showed little change in the housing market and thus may also have a moderate effect…
The prices of precious metals resume their downward trend as both gold and silver sharply fell. The recent tumble in precious metals, however, didn’t coincide with the recent depreciation of the USD. The talks between President Obama and House Speaker…
The prices of gold and silver changed direction again and this time tumbled down. It seems the recent FOMC decision didn’t help rally precious metals prices. Yesterday, several U.S reports came out: retail sales rose by 0.3% during November; the…
The prices of gold and silver bounced back and rose yesterday following the recent FOMC decision to expand QE3 as the Fed will start purchasing long term treasuries at a pace of $45 billion per month. This purchase program is…
The prices of gold and silver changed direction and declined yesterday despite the depreciation of the USD against major currencies including the Euro and Aussie dollar. The low volatility in the precious metals continued but might start to rise in…
Gold and silver remained nearly unchanged in the Asian markets. Today is Black Friday in the U.S so even though the markets in the U.S will be open; the low volatility is likely to continue today. Â The recent HSBC manufacturing…
Gold and silver shifted again and finished yesterday up. During the past eight business days the prices of precious metals shifted on a daily basis from gains to losses. Precious metals’ recent rally coincided with the rise in other related…
The prices gold and silver declined yesterday and thus since September 14th, following the announcement of the FOMC to launch QE3, the price of silver fell by 2.07% and gold by 1.08%. The same goes for the Euro and other “risk…