Gold and silver changed direction and pace as both precious metals bounced back on Wednesday. Yesterday it was reported that, in Q2 2012 Great Britain’s Gross Domestic Product contracted by 0.7%. This news may have contributed to the rally the…
Gold and silver resumed their downward trend as both precious metals declined on Monday. Many other commodities such as oil also tumbled down. China flash Manufacturing PMI was released tonight and showed the index rose to 49.5 but still means…
Gold and silver edged up on the last day of the week but on a weekly scale both precious metals slightly declined. As I have pointed out in the gold and silver weekly outlook the main reports of the week…
Gold and silver changed direction and rose on Thursday after they had declined for three consecutive days. The U.S reports that came out yesterday and showed a mixed signal: the U.S rate of existing home sales declined by 5.4%; US…
Gold and silver declined for the third consecutive day. The testimony of Bernanke didn’t reveal the next move of the FOMC. The U.S housing starts report came out yesterday: housing starts rose by 6.9% during June (M-o-M). This report may…
Gold and silver edged down again for the second consecutive day. The recent testimony of Bernanke didn’t offer any hints of the future steps of the FOMC. Bernanke voiced his concerns for the slow decline in rate of unemployment and…
Gold and silver didn’t do much on the first day of the week as both precious metals edged down. The U.S retails sales report for June came out yesterday and showed a slight decrease of 0.5% (M-OM). Currently gold and…
Gold and silver bounced back on the last day of last week but this rally might not last long. According to the recent Chinese GDP report for Q2, China expanded by only 7.6 in annual terms. There are many items…
Gold and silver, much like many other commodities, didn’t do much yesterday as both metals moved in different direction for the second consecutive day. The U.S jobless claims decline by 26 thousand to 350k. China’s GDP growth rate report for…
Gold price declined again for the second consecutive day. Silver, on the other hand edged up. The recent minutes of the June FOMC meeting didn’t provide any hints of possible implementations of QE program in the near future. Several FOMC…