The prices of silver and gold changed direction and bounced back from their two day fall. Their recent rally coincided with the recovery of leading currencies such as Euro and Japanese yen against the USD. In the U.S, jobless claims…
Gold and silver prices continued their fall and declined for the second consecutive day following their sharp rise on Monday. In Europe flash manufacturing PMI indexes rose during July: EU PMI rose to 50.4 (in June it was 48.7); Germany’s…
The spike in gold and silver prices didn’t last long and following their spike on Monday, precious metals changed direction and slipped on Tuesday. The recent disappointing manufacturing PMI for China, in which the PMI index estimated by HSBC fell…
Gold and silver prices bounced back on Friday following the disappointing U.S employment report that may have been among the key factors in dragging down the U.S stock market and oil prices, while pulling up bullion prices. The French elections…
Gold and silver prices sharply declined for the fourth consecutive business day. Yesterday both metals were traded down following the U.S jobless claims and sharply fell even below expectations. On the other hand the U.S non-manufacturing PMI dropped to 53.5.…
Yesterday, the U.S markets were closed due to President’s Day so there weren’t any updates on gold and silver prices. Earlier today, The EU ministers of finance approved the €130 billion bailout package for Greece. The Euro ended up yesterday…
Gold and silver prices ended the week with little changes as they only slightly declined on Friday. The U.S. CPI rose by 0.2% during January according to a recent report which was published on Friday. Yet this news didn’t cause…
Gold and silver prices didn’t move much during yesterday’s trading. The U.S. reports that were published yesterday including Philly Fed survey, U.S. unemployment claims, housing starts and U.S. PPI indicated the U.S economy has slightly improved during January. This improvement…
Gold and silver prices continue to shift from gains to losses on daily basis. Yesterday precious metals prices ended slightly above Tuesday’s price levels. Currently gold and silver prices are falling.EU GDP for the Q4 2011 declined by 0.3%. This…
Gold and silver prices continue to dwindle as they have finished yesterday’s trading with moderate falls. Its still seems that Greece will have to pass additional budget cuts before it will receive the second bailout package. This news might affect…