lior

Gold and silver continued their downward trend during last week and thus are headed (at thus rate) to the worst performing month (so far) in 2012. Last week it was reported that the industrial production output of China and India didn't reach expectations and thus may have adversely affected precious metals rates. The result of the elections in France and Greece raised the concerns that the austerity plans in these countries won't be carried through by the new elected officials. This news may have also been among the factors dragging down not only the Euro but also other currencies and commodities prices.
This upcoming week there are many news items on the agenda that may affect precious metals. The main events of the week will revolve ...

The precious metals market continued to show weakness all through last week as both gold and silver sharply fell. During the month so far gold has shed 4.82% off its value and silver tumbled down by 6.85%. At the current progress this could be the worst performing month for bullion this year so far and worst since December 2011. The result of the elections in France and Greece raised the concerns that the austerity plans in these countries won't be carried through by the new elected officials. This news weakened the Euro and as a result precious metals also suffer from the strengthening of the USD. The industrial production output of China and India may have also adversely affected commodities rates. Several U.S reports came out during the ...