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May 31, 12 •
4197 Views •
Forex Precious Metals, Forex Trading Articles •
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Comments Off on Gold Gets Clobbered by the USD
The yellow metal has came under severe pressure with the Euro wobbled by a rating cut of Spain by Egan-Jones from “B” to “BB-“ which was the third round of down gradation by the agency in less than a month. The Euro has been hammered by the news that...
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May 24, 12 •
3691 Views •
Forex Precious Metals, Forex Trading Articles •
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Comments Off on Gold Continues To Tarnish
Gold has dropped for a third day as worries about the fallout from a potential Greek exit of the euro zone pushed investors to pile into the US dollar. With little action announced from the EU Summit in Brussels yesterday, investor’s worries continue to...
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May 21, 12 •
5606 Views •
Forex Precious Metals, Forex Trading Articles •
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Comments Off on Greece Woes Weigh On Gold And Silver
Greece’s woes may continue to weigh on metal prices but, slight improvement in investor sentiments post G-8 has provided the “Euro” currency to gain 0.12 percent early morning and may continue in today’s session. The Dollar index has also weakened...
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May 17, 12 •
3279 Views •
Forex Precious Metals, Forex Trading Articles •
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Comments Off on Notes On The Asian Session
After four consecutive sessions of battering, Gold futures prices nudge higher at the early Globex by over half a percent amid optimism of the Fed minutes that intimated a several members support for additional monetary easing should the economic recovery...
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May 17, 12 •
5238 Views •
Forex Precious Metals, Forex Trading Articles •
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Comments Off on Gold On The International Markets
International gold prices have lost almost all their gains this year, trailing even weaker stock markets, but experts say the precious metal is poised to bounce back in the medium to long term even if it loses more lustre in the short term. Global prices of...
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May 16, 12 •
4077 Views •
Forex Precious Metals, Forex Trading Articles •
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Comments Off on Gold and Silver Review After The Asian Session
Unfavorable tertiary industry activity data from Japan coupled with decline in the country’s machinery orders and failure of talks to form a New Greek government led to rise in risk aversion in the global markets today. This resulted Asian markets to trade...
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May 11, 12 •
4295 Views •
Forex Precious Metals, Forex Trading Articles •
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Comments Off on Gold And Silver This Morning
The Asian equities are trading mixed while the equities might pair in slightly after better banking and economic outlook. However, the Chinese inflation release early morning came out in line with expectation and may indicate some easing in near term...
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May 10, 12 •
5917 Views •
Forex Precious Metals, Forex Trading Articles •
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Comments Off on Gold Falls On Global Sentiment
Gold fell for a third day, touching a four-month low and virtually wiping out its gains for 2012 as an escalation in the euro zone debt crisis and political turmoil prompted investors to move to dollars and German government bonds as safe havens....
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May 7, 12 •
3963 Views •
Forex Precious Metals, Forex Trading Articles •
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Comments Off on India Reverses on Gold Duty Increase
In the beginning of the year, the Indian government increased the duties and taxes on gold purchases. India being the second largest user of gold in the world this increase would generate a huge amount of income for the government. Many people in India as...
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May 2, 12 •
22348 Views •
Forex Precious Metals, Forex Trading Articles •
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Comments Off on Silver Begins To Outshine Gold
As gold continues to trade over 1600.00 per ounce and the economic crisis is still in full swing, US consumers have shift their interest from gold to silver. With less money to spend consumers are forced to be frugal and they have realized that they can get...