Gold and silver took another hit this week mainly after the minutes of the last FOMC meeting were released and managed to convince the market that a June rate hike is a viable option – albeit the chances are still…
The bullion market lost some steam over the past week as the USD rallied against the Euro and Yen; overall gold and silver declined by 1.6% and 2.3%, respectively, on a weekly scale. Looking forward the focus in the markets…
The bullion market rode again on the coattails of the weaker USD – as it devaluated mostly against the Yen and Euro – following the FOMC’s statement, which was mostly positive about the U.S. economy but didn’t offer any hints…
The divergence in the bullion market continued for a second week in a row as silver finished the week up while gold – slightly down. This divergence, however, may not last long considering the busy week ahead that includes several…
Gold and silver didn’t move in concert as they usually do during last week. The USD slightly appreciated against the majors even though the market reduced its expectations of a Fed rate hike this year – for now the chances…
Precious metals started off last week on a negative note but as the week progressed they changed direction and rallied. The dovish/bearish statements of Yellen in the recent panel discussion along with the minutes of the previous FOMC meeting helped…
Gold and silver moved in an unclear trend last week as Yellen’s speech cooled down the bullion market while the NFP dragged it back down. This week isn’t likely to be much different with the upcoming release of the minutes…
Precious metals changed direction and declined – along with other commodities – as the USD bounced back against the Euro and Japanese yen. Will the recent fall in gold and silver prices continue? Or will bullion prices change course again…
Gold and silver received another boost from the FOMC. The Fed, as expected, didn’t change its cash rate but it did revise down in the dot plot the outlook for the cash rate from 4 hikes to 2 this year.…
Precious metals will face another stormy week with the upcoming FOMC meeting. Following the latest ECB monetary meeting that concluded with rate cuts and augmented QE program, gold and silver moved in an unclear trend on a weekly scale and…