Gold price changed direction and fell for the first time this week following the recent margin hike by CME; silver price also followed and declined. The stock markets continue to zigzag and sharply incline yesterday. Gold and silver prices are…
Category: Daily Forecast
Oil Prices – Daily Outlook August 12
Crude oil prices inclined for the second straight day (third for Brent oil) after they had fell during most of last week. The shift might be related, in part, to the recent rise in the stock market, including the S&P500.…
Gold & Silver Prices – Daily Outlook August 11
The stock markets sharply fell again yesterday, while gold and silver prices inclined again. Gold and silver prices are traded down. Today, many reports will be published including Canadian and American trade balance reports, ECB monthly bulletin and US unemployment…
Oil Prices – Daily Outlook August 11
Crude oil prices bounced back and trimmed part of the falls they had recorded in recent days. Today, the Canadian and American trade balance reports will be published, ECB monthly bulletin, EIA natural gas report and US unemployment claims, Yesterday,…
Gold & Silver Prices – Daily Outlook August 10
The stock markets bounced back from the sharp falls they had recorded on Monday; this shift didn’t stop from gold price to continue its rally and break new highs. Silver price changed direction and sharply fell. The FOMC kept the…
Oil Prices – Daily Outlook August 10
WTI spot oil price fell again yesterday, but it’s currently traded up. OPEC published yesterday its July report and presented an increase in OPEC’s oil production during July. The FOMC kept the US basic interest rate unchanged. Today, the Australian…
Gold & Silver Prices – Daily Outlook August 9
The stock markets took a plunge yesterday over the decision of the rating agency Standard and Poor’s to downgrade the US credit rating; Wall Street is currently showing some signs of recovery as a correction to yestreday’s falls. President Obama’s…
Oil prices Monthly outlook – August 2011
Crude oil prices started off July with sharp rises, but afterwards stabilized and ended the month with moderate falls. The same can’t be said for August that started with very sharp falls. Will this trend continue throughout August? I will…
Gold & Silver Prices – Daily Outlook August 8
All eyes are towards Wall Street over the markets’ reaction to the weekend news of Standard and Poor’s downgrading the US credit rating; ECB signaled yesterday it will purchase Italian and Spanish bonds in an attempt to cool down the markets. Today,…
Oil Prices – Daily Outlook August 8
There are still concerns over the markets’ reaction to the news that came over the weekend of Standard and Poor’s downgrading the US credit rating; currently the markets in the US demonstrate falls (as expected). In Europe, ECB is likely to…