Retails and foods services sales edged up in July 2012 compared with June’s sales, and were above the sales at July 2011. The U.S. Department of Commerce published today its monthly report on the changes in the U.S. retail and…
The prices gold and silver edged up during last week, and I suspect this trend will continue in the days to follow. As I have pointed out in the precious metals weekly outlook the main events of the week will…
During last week gold and silver prices edged up. There weren’t too many events that affected the bullion or forex markets. There were several reports that came out during the week but none of them seem to have a substantial…
During last week there weren’t many changes in the Forex and commodities markets: the Euro/USD declined while major commodities such as gold oil and silver rose. Will this direction change during this upcoming week? There are several important publications and…
Crude oil prices traded up during most of the week; the gap between Brent and WTI also grew. The recent OPEC monthly report revealed a slight decline in the oil production of Iran but the overall OPEC oil production didn’t…
Precious metals prices didn’t do much during the week as they both edged up on a weekly scale. There were several reports that came out during the week but none of them seem to have a substantial effect on precious…
Many commodities changed direction and declined on the last day of the week: crude oil price (WTI and Brent) changed direction and fell on Friday; gold rate edged up while silver slipped; natural gas Henry Hub (September delivery) and spot…
Gold and silver prices continued to seek direction as both precious metals edged up on Thursday. These metals rose despite the decline of the Euro and perhaps due to the appreciation of other “risk currencies” including Aussie dollar and Canadian…
Many commodities continued to trade up on Thursday: crude oil price (WTI) nearly didn’t change while Brent oil rose again on Thursday; gold and silver also edged up; natural gas Henry Hub (September delivery) rose while spot prices remained unchanged.…
Precious metals prices, much like many other commodities, continue to zigzag with an unclear trend. This could be, among others, due to the London Olympics that shifted the attention of many traders to this prime even. The price of gold…