Precious metals changed direction and rallied on Thursday following the decline in the U.S equity markets. The sharp drop in the Japanese equity markets may have dragged down along with it the Japanese yen and other equity markets. In the U.S: new home sales slightly rose by 2.3% in April compared to March;…

Gold and silver slightly rose during last week. Their rally coincided with the recovery of other commodities such as oil and leading “risk related currencies” such as Euro and Aussie dollar against the USD.  Last week, the FOMC and ECB decided on any changes to their respective…

Gold and silver continued their upward trend from most of last week and rose again yesterday. The U.S pending home sales report came out yesterday and showed a moderate…

Gold and silver tumbled down again during the previous week. The shift in market sentiment may have been the main catalyst for the tumble in gold and silver mainly on the first day of the week. During last week it was reported that U.S housing…

The prices of gold and silver plummeted again during last week. Their decline didn’t seem to coincide with the developments in the forex markets but did coincide with the sharp fall of other commodities and equity markets.   The minutes of the recent FOMC meeting may have rekindled the speculations that…

Gold and silver changed course again this time slightly rose after they have tumbled down a day earlier. Major “risk related currencies” such as the Euro and Canadian dollar also rallied against the USD.  Yesterday, it was reported that number of jobless claims declined by 42k to reach 388k. This news, however,…

The prices of gold and silver changed course and rallied yesterday along with other commodities such as oil and the major “risk related currencies” such as the Euro and Aussie dollar. The main event of the week – the publication of the minutes of the recent FOMC meeting – might shed some light on the future plans of the Fed. This publication could affect the direction of precious metals…

Gold and silver changed course and slightly declined on Wednesday. Their decline coincided with the drop of leading currencies against USD such as Euro and Aussie dollar. The U.S retail sales report,…

Gold and silver continued to trade down during last week. The speculations around the future moves of the FOMC regarding its monetary policy including the QE3 program time-frame may have contributed to the rise in the bearish market sentiment towards precious metals. Several U.S reports came out last week: the…

Gold and silver plummeted last week, mainly by the end of the week. The new around the decision of big investors such as Soros and Bacon to reduce their holdings in gold related investments may have contributed to the sharp shift in the direction of precious metals. In Europe, the news regarding the…

The prices of silver and gold continued their downward trend from last week and sharply fell on the first day of the week. Their decline coincided with the depreciation of several leading currencies such as the yen and Aussie dollar against the USD. Will gold and silver change direction and rally this week? On today's agenda: Swiss Inflation report, Great Britain CPI, ECONFIN…

The prices of gold and silver moved in an unclear trend as gold slightly rose while silver declined. This unclear trend was also recorded in the forex markets as the Euro depreciated against the USD while other risk related currencies such as the Aussie dollar appreciated against the USD. Yesterday,…

The prices of precious metals shifted gear again and this time declined last week. The recent news of the hike in the imposed tax on gold imports in India may have contributed to the expectations the demand for gold in this country will fall. In the U.S several reports came…

Precious metals resumed their upward trend during most of last week despite the depreciation of major "risk related currencies" against the USD. Bernanke's speech from last week didn't seem to influence traders. I guess we will have to wait for the next FOMC meeting at the end of the month and see if the Fed will adjust its policy. Several reports were published last week and may have also affected precious metals:…

The prices of precious metals edged down during the previous week. As the year is winding down, the clock is still ticking on the fiscal cliff. Up to now, the White House and Congress didn't progress towards a viable plan to cut the deficit in this decade. Last week, several U.S related reports came out last week: U.S new home sales increased in November, U.S consumer confidence slipped in December;…

The prices of gold and silver continued their downfall as both metals declined again yesterday for the second consecutive day. The recent U.S housing report showed little change in the housing market and thus may also have a moderate effect on the USD and precious metals.  BOJ is…

The prices of gold and silver started off the week slightly rising. Will this trend continue? Yesterday, China's trade balance report came out and revealed China's exports rose by a much lower pace than many had anticipated. This news, however, didn't seem to affect much the financial markets.…

The prices of gold and silver continue to zigzag as both metals tumbled down. Other leading commodities prices such as crude oil and natural gas also fell yesterday. Will gold and silver further fall? The recent decision of RBA to cut its cash rate by 0.25pp to reach 3% is another step the central bank has taken to help recovery the Australian economy. On the other hand, Bank of Canada left its…

The price of gold and silver changed direction again and declined during the last week of November. The recent EU Summit resulted in approving the Greek bailout, which may have contributed to the rally of the Euro. Albeit it didn't seem to curb the fall of precious metals prices. Several other reports were published during last week and may have moderately affected forex and…

The prices of gold and silver changed direction again and traded up during most of the week. The week was short on account of Thanksgiving.  There were, however, some reports that these parities may have gotten closer to a resolution which could be concluded next week. Moreover, the recent positive news of the rise in the…