Tag: Precious Metals
Precious metals off to big start in 2014
Gold had its biggest day in three weeks on Thursday, up 1.8% to $1,224 per ounce. Silver was also higher by 3.3%, with optimism...
Summer Fun for Precious Metals Investors
The long term needn't look quite so far off for bullion buyers right now...
PUT ASIDE the rise in US interest rates, GDP and Fed...
Precious Metals May Drop 8% Over 12-Month Period
Goldman Sachs Group Inc., a full-service global investment banking and securities firm which recommendations are capable of moving financial markets, yesterday pared its 12-month...
Gold, Silver Prices Look for FOMC’s QE Hints
Economic Background
US
The weekly jobless claims number fell last week by 12,000.
Retail Sales were up by 0.6 per cent in May, compared with only 0.1...
Gold loses luster, but silver shines a little brighter
The physical buying from the Chinese participants were encouraging, but not anywhere near the staggering amounts purchased in the previous week. However, there was...
Gold, silver investors decrease short and long positions
Economic Background
Europe
The political situation in Italy is getting more and more difficult. Both candidates for the Presidency of Italy, Romano Prodi as well as...
Gold and silver prices crushed; Opportunity for investors presents
Gold prices have suffered their sharpest fall since the 1980s yesterday, closely followed by silver. This development was caused by fears among investors that...
Gold under considerable pressure
Gold market has officially slid into a bear market
Economic Background
Europe
The 17 member states of the Eurozone agreed to a seven year loan repayment extension...
Spark could ignite fresh fundamental buying in gold, while silver technicals...
Economic Background
Europe
The European Central Bank (ECB) leaves the key interest rate unchanged at 0.75 per cent.
The Bank of England (BoE) does not increase Quantitative...
Kaloti to build new gold refinery in Dubai
Dubai-based Kaloti Group has announced the ground breaking of one of the world’s largest precious metals and particularly gol refineries in the Jumeirah Lakes...
Gold could continue to be under pressure
Economic Background:
Europe
US
The housing starts for February rebounded 0.8 per cent, following a drop of 7.3 per cent the prior month.
The FED left policy rates...
Big Money Managers See Silver Price Higher
During the past week, price of silver dropped by 0.6%, from $28.76 to $28.58 per ounce. The white metal trades 5.8% lower in 2013....
Gold rebounds as economic data signals weak global recovery
Gold rose in the early Asian trading on the first day of the week. The commodity almost took its losses from the past Friday's...
Current gold prices may constitute a buying opportunity
Notable events this past trading week
Europe:
Moody’s has cut the rating of the UK from AAA to Aa1.
The budget gap from Spain for 2012...
Is the selloff in gold and silver temporary?
On Monday, both - gold and silver futures fell sharply due to a number of reasons. Analysts attribute the decline to media reports of...
Top Silver Buyers
Central banks of countries classified as emerging markets are the biggest official silver buyers for the past year. In 2013, the overall net central...
Gold, silver may test lower part of its range
Europe:
European Central Bank left its benchmark rate at 0.75 per cent; however it did suggest that if the recent appreciation of the currency pushed...
Silver price aims higher on stronger demand
There is an increasing tendency among smaller investors and retail traders. Since gold is too expensive, they prefer to put their assets into silver....