Gold and silver took another beating as the USD gained some more momentum over the rising chances of a rate hike by the FOMC and the collapse of the British Pound over Brexit woes. And this week the focus will…
The recent NFP report came a short than expected in terms of headline growth in jobs and wages, and is likely to reduce the chances of a rate hike this year by the FOMC. This week the focus will come…
The NFP report showed another sign that the labor market is doing well and on its road towards full employment; this also means a higher chance of a rate hike this year. The BOE also helped weaken its pound by…
Precious metals will face another stormy week with the upcoming FOMC meeting. Following the latest ECB monetary meeting that concluded with rate cuts and augmented QE program, gold and silver moved in an unclear trend on a weekly scale and…
The gold and silver market, continued their rally from the previous week – following the weaker than expected NFP report. This time, the minutes of the FOMC didn’t offer any big headlines and updates about the Fed’s decision or the…
The NFP report came close, but still a bit short, of market estimates. This report, however, didn’t provide any clarification about the Fed’s rate hike timing, if at all, any more than the FOMC meeting did in the preceding week.…
The prices of precious metals took another beating especially after the NFP payroll report was released on Friday and exceeded market expectations. The JOLTS, retail sales, PPI and consumer sentiment are the main U.S. reports to be released this week.…
Precious metals heated up during the past week after gold and silver remained nearly unchanged in the previous week. The release of the minutes of the FOMC meeting may have partly contributed to the recent recovery of bullion prices: The…