The bullion market didn’t do much during last week as both gold and silver moved in an unclear trend during the week. Their unclear trend was also recorded in the forex and equity markets. Last week in the U.S: Jobless…
The prices of gold and silver bounced back and rose during most of last week despite the recent speculations around the future steps of the FOMC. Specifically, the minutes of the last FOMC meeting revealed the concerns of several members…
Despite the less than impressive financial news regarding the progress of the U.S economy that came out during last week the equity market continued to rally, while gold and silver prices declined. Last week, the U.S retail sales inched up…
The prices of gold and silver continue to seek direction and they moved from gains to losses throughout last week: Despite the unclear trend the sharp fall in bullion prices on Friday led gold and silver to decline by 1.88%…
Gold and silver changed direction from their downward during the past couple of weeks and rallied during last week. Specifically, the price of gold rose by 4.18% and silver by almost 3.5%. Was this rally a correction to the sharp…
Gold and silver didn’t do much again during last week as gold slightly rose while silver edged down on a weekly scale. Their price volatility remained low despite sharp movement in the foreign exchange markets during last week. In the…
Gold and silver slightly rose during most of last week. Their price volatility was very low despite all the major reports and decisions that were made during last week. ECB left the Euro cash rate unchanged. This news may have…
The prices of gold and silver started off the week rising only to change direction and fall coming Tuesday. In his recent testimony at the Hill, Bernanke remained dovish about the monetary policy of the Fed and kept defending it…
The prices of precious metals continued their downward trend and plummeted during last week mainly on Wednesday. The speculations around the future steps of the FOMC with respect to its monetary policy including the QE3 program time-frame may have contributed to the…
The rates of precious metals changed course and tumbled down during last week mainly on Thursday and Friday. The speculations around the decision of big investors including Soros and Bacon to cut their exposure to gold may have contributed to…