The recent NFP report came short of market expectations with only 126K jobs added in the past month. This report is likely to rekindle the hopes of a “later rather than sooner” rate hike by the FOMC – perhaps by…
Even though the oil market has experienced high volatility, this hasn’t translated to sharp movement in precious metals prices. The U.S. GDP report came slightly short and Yellen’s testimony didn’t offer any big headlines, which left the bullion market to…
The bullion market got some positive news from the FOMC: The expected cash rate by the end of 2015 and 2016 – based on the dot plot – was revised down. This provided backwind for interest rates to come down,…
Silver and gold followed major currencies such as the Euro and Japanese yen and declined again as the USD continued to pick up. This week’s FOMC meeting could bring gold and silver to a new year low if the FOMC…
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.…
Gold and silver showed a modest gain in the past week, despite the unclear trend in the movement of USD against leading currencies pairs. Yellen’s recent testimony was perceived mostly dovish and pushed back up bullion prices and dragged down…
The bullion market took another beating last week as both gold and silver tumbled down mainly at the beginning of the week. Even the slightly dovish toned minutes of the FOMC meeting didn’t bring much up gold and silver. This…
Gold and silver didn’t perform well again in the past week, and the recent NF payroll report provided additional thrust to bullion’s descent. U.S. treasury yields, which tend to have a negative relation with the prices of precious metals, started…
Gold and silver took a tumble last week. The FOMC meeting didn’t have any big announcements but the bullion market reacted with a sharp fall in gold and silver the next day. On Friday, however, the GDP report was released…
The recent announcement of SNB’s Thomas Jordan caused a lot of excitement in the markets – this includes gold and silver. Precious metals bounced back last week following this news. The ongoing recovery of gold and silver is mostly related…