The bullion market has cooled down as gold and silver prices fell during most of September. The recent decision of the FOMC to keep QE3 program unchanged wasn’t enough to pull back up precious metals prices. The aftermath of the…
The prices of gold and silver tumbled down on Tuesday; their recent decline coincided with the drop of the price of oil over 2%. Some suspect the developments in Syria have affected not only crude oil prices but also other…
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…
Gold and silver fell again for the second consecutive day. Their recent descent coincided with the fall of other leading risk currencies against the USD. In the U.S, jobless claims weekly update showed a decline of 6k in initial claims…
The prices of gold and silver changed direction and slipped on the first day of the week after they had spiked during the previous week. The recent fall in the prices of gold and silver coincided with the decline of…
Precious metals prices changed direction and bounced back on Wednesday. Their rally didn’t coincide with the developments in the forex markets, in which the U.S dollar slightly appreciated against leading currencies such as Euro and Aussie dollar. In the U.S,…
During last week, gold and silver bounced back. The depreciation of the US dollar against leading currencies may have contributed to the rally of gold and silver. The decision of RBA to cut its rate by 0.25 pp may have…
During the previous week, gold and silver didn’t do much. Their unclear trend coincided with the mixed trend in the forex market, in which the Euro remained nearly unchanged against the USD while the Aussie dollar plunged by 3.82% against…
During last week, gold and silver traded up. Nonetheless, most of their gain came on Monday. During the rest of the week, both metals had an unclear trend. Their recent rally coincided with the ongoing depreciation of the US dollar…
The high volatility in the financial markets including forex and commodities during yesterday’s trading may have stemmed, in part, by the recent publication of the minutes of the FOMC meeting and Bernanke’s speech. The dovish remarks of Bernanke may have…