As many had anticipated the European Central Bank kept again the basic interest rate at 1.00% for the third consecutive month; the last time ECB had cut the rate was back in December by 0.25 percent points. In the press…
Gold and silver prices bounced back from the recent tumble during; crude oil prices also rallied yesterday; on the other hand, natural gas future price resumed its downward trend. The Euro slightly appreciated again against the US Dollar. Here is…
According to the recent crude oil weekly update produced by Energy Information Administration petroleum, crude oil stockpiles slightly declined last week by 1.4 million barrels; crude oil prices on the other hand edged up. The weekly update includes an analysis…
Gold and silver prices continued their downward trend and completed yesterday a three consecutive days in which both metals were traded down; crude oil prices also declined yesterday; on the other hand, natural gas future price slightly rose. The Euro…
Gold and silver prices started the week the same way they have ended last week- falling. Despite the sharp fall of silver price on Monday, gold price and many other commodities prices such as crude oil prices didn’t change much…
Gold and silver prices continued their decline from the end of last week and finished yesterday in the red for the second consecutive business day; crude oil prices remained virtually unchanged as WTI slightly rose while Brent oil moderately decreased;…
Yesterday, the U.S. non-manufacturing ISM report was released and it showed the U.S. non-manufacturing PMI reached 57.3% in February 2012. The U.S. non-manufacturing PMI, which is an index that estimates the economic activity in the U.S. non-manufacturing sector, expanded for…
Crude oil prices remained high even though during last week Brent oil shed 1.78% off its value and WTI declined by 1.87%. The positive news of the 3% growth of the U.S GDP during the last quarter of 2011 may…
Following the sharp changes in commodities prices, mainly gold and silver prices, during last week due, in part, to the speculation around the next steps of the FOMC on QE3 and the recent release of the second LTRO rescue plan…
Gold and silver prices continue to zigzag as they have declined on the last trading day of the week; crude oil prices also sharply fell on Friday after they had risen for two consecutive days; natural gas future price moderately…