Following the decline of precious metals during most of the week, they have changed direction as both gold and silver prices pulled up on Thursday along with the rest of the market including oil prices, the Euro and major stock…
The prices gold and silver remained nearly unchanged yesterday and thus they have both continued their unclear trend from last week. Yesterday, President of Federal Bank of Philadelphia commented on the recent decision of the FOMC to launch QE3. He…
The prices gold and silver declined on the first day of the week along with other commodities and foreign exchange rates such as Euro and Aussie dollar. The Euro market is still waiting for Spain to request the ECB to…
The prices gold and silver remained nearly unchanged during last week, as the effect of the announcement of the FOMC to launch QE3 seems to have dissipated (for now). Further, this announcement might have been an opportunely for many traders…
The prices gold and silver continued their slow movements and edged up despite the sharp fall in the prices of other commodities prices such as crude oil or the deprecation of the Euro and other “risk currencies” during Tuesday. Will…
The prices gold and silver changed direction and slipped on the first day of the week after they had risen during the past couple of weeks. Major commodities and stocks also declined on Monday. The bullion market seems to have…
The prices gold and silver continued to rally during last week, mainly following the announcement of the FOMC to commence QE3, in which it will start buying mortgage backed securities at a rate of $40 billion per month. This time,…
The prices gold and silver traded up again during last week, and I suspect precious metals rates will further increase this week. The number of jobs added in August according to the U.S non-farm payroll report didn’t meet expectations. This…
The prices gold and silver resumed their rally, much like the U.S stock market. Further, the rise of major foreign exchange rates including the Euro Aussie dollar and Canadian dollar against the USD may have also contributed to the recovery…
The prices gold and silver didn’t do much yesterday as they both edged down after had hiked in the previous days. Major foreign exchange rates shifted with an unclear trend as the Euro appreciated against the USD while other “risk…