The FOMC ended their last meeting of the year with the decision to taper QE3 by $10 billion. This means, the asset purchase program declined to $75 billion per month starting next month. The FOMC reduced $5 billion from each…
The prices of gold and silver changed direction and fell on Tuesday. Nonetheless, on a monthly scale both precious metals haven’t done much and only slightly declined. The upcoming FOMC statement and outlook are likely to affect the developments in…
The prices of gold and silver resumed their rally and rose again for the second consecutive day. This trend, however, might change direction if the Fed announces tomorrow the tapering of its asset purchase program. Today the FOMC starts its…
The gold and silver market continue to change direction with unclear trend: Yesterday both precious metals changed course and plummeted to their lowest level this week. The sharp rise earlier this week was erased. This unclear trend is likely to…
The prices of gold and silver sharply rose on Tuesday. This recent rise was the second consecutive rise in prices. The recent reached agreement between Ryan and Murray to avert a potential U.S government shutdown in January along with FOMC’s…
The prices of gold and silver bounced back on Monday from last week’s decline. This may have been a correction to the plunge in prices following the positive reports on the progress of the U.S economy. This week, only a…
Gold and silver changed course again and plummeted on Thursday. This time nearly erased all their gain from Wednesday. This erratic behavior is likely to continue today especially as the NF payroll report is released. The ADP estimated 215k jobs…
Gold and silver changed direction and after they had declined in the first two days of the week, they have changed direction yesterday and rallied. Their recent recovery, however, might not last long and could continue to be part of…
The prices of gold and silver continued their downward trend and slightly fell for the second consecutive day. Their decline didn’t coincide with the depreciation of the USD against the Euro and Aussie dollar. The Reserve Bank of Australia has…
The prices of gold and silver tumbled down on the first day of the week. This may have been a strong correction to the sharp rise in bullion prices on Friday. Their recent drop coincided wit the moderate drop of…