Recent Blogs Posts

The prices of gold and silver changed direction again last week and edged down. Moreover, the high volatility of precious metals from the beginning of the month has eased down during last week. Will this low volatility continue during this short week? This week the U.S will celebrate Thanksgiving; this could lower the trading volume in all major markets and thus may raise the volatility by the end of the week. Last week, the minutes of the recent FOMC meeting didn't reveal any information regarding the Fed's next step. Further, Bernanke's speech also didn't seem to affect the bullion market. The Euro group is likely to decide on the Greek bailout this week. During last week, several other reports were published that may have slightly affected ...

The recent FOMC meeting didn't seem to affect much the prices of gold and silver during last week, as the FOMC left its monetary policy unchanged. On a weekly scale, both gold and silver edged down. Several U.S reports may have slightly affected precious metals rates during last week: during the third quarter, the U.S GDP rose by 2%, – this growth rate was slightly higher than many had anticipated; the U.S new home sales rose again during September; jobless claims fell by 23k to reach 369k;. During the previous week, the Euro/USD declined by 0.65%; on the other hand, the Aussie dollar depreciated against the USD by 0.41%. This mixed trend may have contributed to the low movement of bullion rates. The main events of the week will include the ...

During the previous week, gold and silver prices decreased. Last week's EU Summit didn't ease the concerns of traders as Spain didn't request a bailout. Several U.S reports may have contributed to the decline in gold and silver prices: the Philly Fed index turned positive for the fist time since April; housing starts hiked by 15% during last month; U.S core CPI rose by 0.1% during September. During last week the Euro/USD rose by 0.56%; on the other hand, the Canadian dollar depreciated against the USD by 1.39%. The main events of the week will shift back to the U.S and will include the FOMC meeting and U.S third quarter GDP report.

The video report herein has an outlook of gold and silver for the main publications and events ...

The prices of precious metals changed direction and bounced back from their recent downward trend. Their recent rise coincided with the rally of the Euro and other "risk currencies". The U.S CPI rose by 0.6% during September. The core CPI rose by only 0.1%. There are speculations around the growth of China's economy. According to the recent TIC report, the demand of foreigners for U.S treasuries rose in August by a net of $91.4 billion. This news may suggest that investors are more risk averse. Today's (late at night) GDP report for Q3 may shed some light on China's progress. Tomorrow, the EU Economic Summit will commence and could have a strong effect on the Euro and commodities prices. On today's agenda: Claimant Count Change, Minutes ...