This high volatility in the past few days is likely to wind down this week as the holiday season is upon us. Nonetheless, several key economic reports are expected to be released in the first few days of the week…
The prices of gold and silver recovered again in the past week mainly by the end of the week following the recent decision from Beijing to slash the interest rate in order to deal with the economy’s sluggish growth rate…
The recent decision of People Bank of China to cut its deposit rate by 25 bp and one year lending rate by 40 bp is the first step Beijing made towards dealing with the country’s economic slowdown. This news has…
Precious metals prices fell again last week, as the USD pulled up. This week, the GDP for Q2 and PCE will be release in the U.S, which could impact the bullion market. The recent Jackson Hole Symposium ended with Yellen…
The bullion market didn’t do much during last week, after silver and gold rallied for three consecutive weeks. Despite their slow movement, both gold and silver ended the week with modest gains. The main news from last week was the…
The prices of gold and silver resumed their upward trend at the end of last week following the FOMC meeting. The FOMC’s statement had a general dovish overtone; Chair Yellen also kept the tight lid on the Fed’s future plans…