Gold and silver bounced back a bit last week, but bullion is still from down its yearly highs – close to $1300 for gold and $18.5 for silver. This week there aren’t major U.S. economic reports and in Europe the…
Gold and Silver Report for July 17-21
Tag: Yellen testimony
Gold and Silver Report for July 10-14
Gold and silver, much like many other commodities, took another hit last week. And the better than expected NFP report also provided additional downward pressure on precious metals. The strong gain in jobs paved the way, for now, for the…
Gold and Silver Outlook for November 2-6
The FOMC didn’t raise rates this time, but heavily hinted of a possible liftoff in the December meeting. This news was enough to prompt selloffs of gold and silver. Even the GDP report, which showed a gain of only 1.5%,…
Gold and Silver Outlook for July 13-17
The bullion market was also affected by the Greek debt drama as it shook up the financial markets. Despite the recent rise in volatility, the prices of both gold and silver only slightly decline on a weekly scale. Even the…
Financial Market Preview for July 13-17
The Greek drama continues to dominate the news cycle and isn’t likely to get off the headlines until a bailout deal is struck or a final Greek exit decision is made. So even though the Greek debt crisis will likely…
Gold And Silver | Recap for July 14-18
Precious metals changed course and plunged at the beginning of the week only to slightly recovery by the end of the week following the rise in tension between Russia and US. The Malaysian airliner plane was shot down over Ukraine;…
Weekly Outlook of Financial Markets for November 11-15
Major commodities prices have mostly decreased during last week including Oil (Brent), gold and silver prices. The recent U.S GDP and NF payroll report were better than anticipated, which contributed to the rally of the US dollar. Moreover, the decision…