lior

Last week gold and silver started off the week the same way they have shifted during the last couple of weeks with little movement until Friday when both metals (mainly gold) spiked. The disappointing U.S employment figures were the obvious catalyst for this sharp gain for both metals on Friday. This news may have rekindled the speculation regarding the possibility of the Fed introducing another quantitative easing program. If there will be another QE program it could reheat the current stagnate bullion market and drive prices up again. I'm not sure the current economic situation warrants another QE program. The upcoming FOMC meeting at the end of June might affect the markets if the tone of the FOMC will change from the previous meetings. ...

Precious metals took a sharp turn on Friday and recorded their largest single day gain in a while. Gold rose by 3.7% - the last time the price of gold increased by such a rate was back in August 8th 2011 when the anxiety levels in the markets were high over the U.S. debt ceiling debate. The disappointing U.S employment figures were the obvious catalyst for this sharp gain on Friday. This news may have rekindled the speculation regarding the future involvement of the Fed in the markets and whether the current economic situation warrants another quantitative easing program. If there will be another QE program it could reheat the current stagnate bullion market and drive prices up again. But will the Fed use the current news on the U.S economy ...