The prices of gold and silver changed direction and tumbled down last week. Their recent plunge coincided with the appreciation of the US dollar against the Euro and Aussie dollar. The FOMC meeting didn’t offer any new headlines, but some…
Gold and silver prices didn’t do much during last week as the bullion market moved in an unclear trend throughout the week. The aftermath of the September FOMC meeting has left the bullion market weak with investors aren’t sure what’s…
The prices gold and silver kicked off the month on a negative note as both precious metals tumbled down. This recent fall may have been related to the expiry of future contracts as more investors have exited the bullion market.…
During last week, leading commodities prices mostly fell including natural gas, oil and silver; in the forex market, the USD appreciated against several risk currencies such as Aussie dollar and Canadian dollar. In the forthcoming week several reports and speeches…
The price of gold slipped during the previous week by 0.69% while silver bounced back and rose by 1.59%. The market still waits for the FOMC’s next meeting, which will take place in less than two weeks. Even if the…
Despite the many news items on yesterday’s agenda including the ECB’s rate decision there were little changes in policy or surprises: ECB, as expected, didn’t change its policy and left the basic interest rate flat. But the main issue was…
The rally of precious metals didn’t last long as both gold and silver changed direction and tumbled down on Wednesday. Their recent fall erased their gains from Tuesday. Their unclear trend in the past couple of days doesn’t seem related…
During the previous week, gold and silver didn’t do much, which brings recent weeks’ rally to a halt. I think the low trading volume and the anticipation of the next FOMC meeting could eventually lead to a reversal in the…
Last week, leading commodities prices mostly increased, while the USD mostly depreciated against leading currencies. The slow movement in the forex and commodities markets might pick up as we are exiting the summer slowdown. In the upcoming week several reports…
The precious metals continue to seek direction: Yesterday the prices of silver and gold bounced back and thus changed direction again. Their rally coincided with the rise of other commodities including oil. The recent U.S reports gave a mixed signal…