Gold and silver declined yesterday and thus continue to dwindle with an unclear trend. Yesterday the IMF issued a report in which it stated European banks’ financial problems are far from over and they may reduce their balance sheets by as much as $2.6 trillion.
Overall business-lending conditions in Canada eased during the first quarter of 2012, following virtually unchanged lending conditions in the last quarter of 2011, according to the Bank of Canada’s Senior Loan Officer Survey (SLOS) results.
The U.S. dollar strengthened as U.S
Gold and silver didn’t do much yesterday after their recent rally in the previous two business days.
Gold and silver sharply rose for the second consecutive business day. The big news from yesterday was Bernanke’s speech on the labor market, which rekindled the speculation of the Fed’s monetary intervention in the U.S market
Today Ben Bernanke “surprised” the market by giving an incredibly dovish speech to an association of business economists in Virginia.
The widely read IFO survey out of Germany showed rising business confidence in March, fueling a 25-point spike in the Euro intraday…
Gold and silver started off the week rising along with many other commodities prices and major currencies including the Euro. But there is still no clear path for gold and silver as both zigzagged from gains to losses on daily basis in the past four business days.
The New Zealand Dollar was relatively mute in response to improving business sentiment data as the currency retraces some of its losses over the past few days.
The risks to our ECB call for 50bp of further rate cuts and outright Quantitative Easing (QE) in 1H12 have increased markedly in recent weeks.
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