Precious metals prices continued their rally and hiked mainly on Thursday following the publication of the FOMC decision to commence with QE3 that will include the Fed buying mortgage backed securities at a pace of $40 billion per month. There…
Major commodities traded in a mixed trend on Friday: WTI oil and Brent oil rose again; gold edged up while silver declined despite the announced of the FOMC on QE3 on Thursday; natural gas Henry Hub future (October delivery) and…
The prices gold and silver resumed their upward trend soon after the FOMC announced of QE3 that will consist of purchasing additional agency mortgage-backed securities at a rate of $40 billion per month. This news is likely to continue affecting…
Major commodities traded up on Thursday: WTI oil and Brent oil trade up; gold and silver also rose following the announced of the FOMC on QE3; natural gas Henry Hub future (October delivery) changed direction and slipped while the spot…
The Bureau of Labor Statistics published today its latest report of the U.S CPI for August 2012. According to the recent update, the consumer price index rose by 0.6% after it had remained flat for the previous two consecutive months;…
The FOMC concluded its sixth meeting this year and as the market had anticipated, the Fed announced it will launch QE3 that will consist of purchasing additional agency mortgage-backed securities at a pace of $40 billion per month. The Fed…
The prices gold and silver didn’t do much again on Wednesday despite the publication of the German court ruling on EMS that approved the bailout. The next step will be to wait for Spain to officially request a bailout. Currently…
Major commodities traded again in a mixed trend on Wednesday: WTI oil price slipped while Brent oil rose; gold and silver didn’t do much as the both precious metals slipped yesterday; natural gas Henry Hub future (October delivery) and stop…
According to the latest producer price index monthly report, which came out today, the PPI for finished goods rose by 1.7% in August compared with July’s index. This report serves as an indicator for the developments in the U.S core…
The prices gold and silver didn’t do much as the market waits for the two main events of the week regarding the German court ruling on EMS and tomorrow’s publication of the FOMC statement. In regards to the court ruling,…