Precious metals got a modest boost following the dovish FOMC meeting statement, which also dragged down the implied probabilities of a rate hike in the coming months. Even though the Greek debt crisis keeps the door open of Grexit, which…
The bullion market remained poised last week as gold slightly rose while silver modestly declined. But this could all change and precious metals may take another severe hit this week if the upcoming FOMC meeting were to set the stage…
The non-farm payroll brought further up the USD against leading currencies as it showed a rise of 280,000 jobs – higher than market estimates. This news is likely to resonate in the financial markets as it raises the odds of…
The recent recovery of the USD provided the climate to bring back down gold and silver. Even the contraction in the US GDP during Q1 didn’t help pull up gold and silver, nor did the fall of long term treasury…