Silver surges as gold breakout maintained

LONDON (MINEWEB) – Last Friday’s sharp upwards move in the gold price appears to have survived a few days of North American and European exposure intact, despite a significant negative in the shape of reduced Indian demand.  This because the weak rupee means the gold price is at virtually record levels in local currency terms in the subcontinent, […]

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Gold, Silver Fall as Euro Leaders Set to Meet

Gold and silver were down sharply as European Union leaders are due to meet in Brussels tonight. Recent EU monetary policy initiatives have run out of steam and the economically depressing effects of austerity measures are biting, which has led to political turnover amid the EU effectively experiencing its second recession of the past four […]

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Gold & Silver: Ben Bernanke Overshadows FOMC Minutes

After remaining quiet for much of the day, gold and silver received a sharp pullback on Wednesday after the Federal Open Market Committee released its latest statement. The Fed’s April minutes closely resembled the March minutes, but precious metals still experienced a very brief and sell-off. Members of the Federal Reserve’s policy-making committee once again […]

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