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The bullion market recovered last week as the FOMC didn’t raise rates all awhile leaving the door open for a rate hike this year. The FOMC also revised its outlook on GDP growth rate for 2016, core inflation for 2017 and Federal Funds rate. The dot ...
Now that the U.S. economy is showing signs of recovery including the better than expected NFP report and retail sales, the market is slowly adjusting again to a possible rate hike this year. And higher rates also mean a slower pace of rally for both ...
The NFP report made it rain again for the gold and silver as their prices recovered following the extremely lower than expected headline figure of only 38K jobs in May; even the mitigating factors (the Verizon labor dispute) could have accounted for ...
The divergence in the bullion market continued for a second week in a row as silver finished the week up while gold – slightly down. This divergence, however, may not last long considering the busy week ahead that includes several key economic ...
Precious metals changed direction and declined – along with other commodities – as the USD bounced back against the Euro and Japanese yen. Will the recent fall in gold and silver prices continue? Or will bullion prices change course again and rally? ...
Gold and silver started off March with a bang: Their rally came even though the U.S. dollar didn’t do much against the Euro or the Yen, and the long term interest rates starts to rise again. Even the recent NFP report, which showed a higher than ...
Gold and silver prices rallied again last week but mostly at the start of the week before the FOMC released its statement, which was considered by many balanced. This week the NFP report could move gold and silver prices. But there is also news ...
The year started off with a lot of volatility mostly attributed to the selloffs of Chinese stocks. The growing concerns over what’s next for China pulled back up the demand for gold and silver. But then the NFP report came out on Friday –showing a ...
The year is near its end and it’s clear that gold and silver, for the third year in a row, didn’t have a good year. Prices of both precious metals dropped by 9% and 8%, respectively. And while bullion prices did kick off the year on a positive note ...
Silver and gold prices fell again in the past week as the U.S. dollar kept rising and the market raised the odds of a December rate hike by the FOMC. Will this week be any different? The focus will shift to the old continent and ECB’s rate decision. ...
Gold and silver prices took another hit after the latest NFP report showed a much better than expected growth in jobs of 271K – the market expected a gain of only 179K. This news reignited the belief that the Federal Reserve will raise rates this ...
The FOMC didn’t raise rates this time, but heavily hinted of a possible liftoff in the December meeting. This news was enough to prompt selloffs of gold and silver. Even the GDP report, which showed a gain of only 1.5%, didn’t seem to have much of ...
The recent news from China is that PBOC decided to fight the general malaise the Chinese economy has been experiencing but slashing again rates. Is this enough to jump start the world’s second largest economy? It’s certainty a move in the right ...
The highly anticipated FOMC meeting concluded not with a bang – raising rates – but with whimper – keeping us guessing when the next rate hike will occur. In the statement and in Chair Yellen’s press conference it was clearly noted that a rate hike ...
The high volatility in the financial markets has also kept moving gold and silver prices – albeit mostly downward. Although they did bounce on Friday, precious metals were still down for week: gold and silver fell by 2% and 5%, respectively, on a ...
Never a dull moment for bullion investors in the past months: Last week, bullion prices bounced back, even though other major commodities mainly in the energy sector kept coming down. The rally came when the FOMC, wait for it, didn’t change the ...
The recent plunge in the price of SPDR Gold Trust (NYSEARCA:GLD) brought the gold ETF to its lowest level since 2010. The weakness of China's economy, the expectations of a rate hike by the Federal Reserve, the recovery of the U.S. dollar, and the ...
Precious metals got a modest boost following the dovish FOMC meeting statement, which also dragged down the implied probabilities of a rate hike in the coming months. Even though the Greek debt crisis keeps the door open of Greixt, which could have ...
The bullion market remained poised last week as gold slightly rose while silver modestly declined. But this could all change and precious metals may take another severe hit this week if the upcoming FOMC meeting were to set the stage for a rate hike ...
The recent recovery of the USD provided the climate to bring back down gold and silver. Even the contraction in the US GDP during Q1 didn’t help pull up gold and silver, nor did the fall of long term treasury yields. Will gold and silver change ...