The prices gold and silver continued their rally and rose for the second consecutive business day. There were several news items that were released yesterday regarding Australia: RBA kept the interest rate unchanged at 3.5%; the Australian GDP fro Q2…
The prices gold and silver traded up in recent weeks (see chart below). There are speculations that quantitative easing 3 will be announced soon by the FOMC. Bernanke’s speech didn’t suggest, in my humble opinion, that QE3 will be implemented…
The prices gold and silver rose again during last week, and I suspect bullion rates will continue to rally during this week. The recent speech of Bernanke at Jackson Hole raised the expectations that another QE program is right around…
The prices gold and silver rose on the first day of the week, despite the depreciation of the Euro and Australian dollar. I suspect, the ongoing speculations around Bernanke’s speech at Jackson Hole on Friday and his position on whether…
The prices gold and silver hiked during last week, and I suspect bullion rates will continue to trade up during this week. As I have pointed out in the precious metals weekly outlook the main events of the week will…
Gold and silver prices, as expected, hiked during yesterday as a clear cut market reaction to the publication of the minutes of the FOMC meeting. The minutes revealed that many FOMC members consider “monetary accommodation would likely be warranted fairly…
Gold and silver, much like many other commodities, rose again on Thursday and thus completed a second straight day of gains. The U.S housing starts declined during June while the number of building permits increased. U.S. jobless claims remained nearly…
Gold and silver edged up on Wednesday after they had declined during the first two days of the week. The bullion market continues to seek direction as both metals nearly didn’t change during the month. The U.S CPI remained unchanged…
Gold and silver declined again for the second straight day. Will this weakness in the bullion market continue? The Euro Area GDP contracted during the second quarter of 2012 by 0.2%. This news may have contributed to the decline of…
Gold and silver, much like many other commodities, changed direction from last week and declined on Monday. The speculations around the future plans of ECB and Bank of China in regards to their respective stimulus plan could continue influencing bullion…