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Bundesbank
Gold price rises on monetary stimulus hopes
Yesterday, for the first time in March, the gold price broke through its short-term ceiling of $1,585 and approached the $1,600 mark, while silver moved back above $29. During a press conference concerning the Bundesbank’s annual report, the German central bank’s president Jens Weidmann stated that short term inflationary ...
Euro hopes boost gold and silver prices
Hopes for a further crisis response by the European Central Bank (ECB) cheered the markets yesterday, with a declining dollar giving support to rallies in commodities and precious metals prices. Though discounted and criticised by the German Bundesbank, the market continues to be optimistic that the ECB will soon act to cap peripheral ...
Searching for Germany's gold
Gold and silver prices gained slightly in yesterday's trading and continued in the green in early trading this morning. Comex Gold is currently trading back above the $1,700 mark and silver is taking another stab at the $34 level. The gold chart currently looks like it may be completing a reverse head-and-shoulders pattern with the latest ...
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