Gold and silver prices started off the week on a negative note as both precious metals rates edged down. The Euro/USD also slipped. The results of the Greek elections, in which the pro bailout party had won, didn’t seem to…
According to the latest U.S. Census Bureau report about the new residential construction statistics for May 2012, the annual rate of housing starts declined while the rate of building permits rose. This report sends another mixed signal of the development…
Gold and silver prices started off the week on a negative note as both precious metals edged down on Monday. Crude oil price (WTI) also declined. Natural gas Henry Hub (July delivery) continued to rally and hiked again. The Euro…
Gold and silver ended on a positive note and may continue throughout the first day of the week. According the results of the recent Greek elections the Pro-bailout parties won and will try to form a coalition. This news eases the concerns (for…
Last week gold and silver prices didn’t do much; Gold had a steady upward trend; silver increased every day except on Thursday. Despite the testimony of Bernanke from the previous week, the speculations continue to run high of the Fed…
In the upcoming FOMC meeting to be held between June 19 and 20 many bullion traders will pay close attention to the FOMC statement and Bernanke’s press conference. If there will be so much a whiff of another stimulus plan…
Crude oil prices didn’t do much last week as the WTI nearly didn’t change on a weekly scale, while Brent oil declined by over 2%. The Brent premium over WTI edged down to $13-$14 range. The recent OPEC meeting was…
The Greek elections will be held on Sunday and the aftermath of these elections could stir up the financial markets. Over the weekend the IMF urged Europe to help Irish banks. The main event of the week besides the Greek…
Precious metals prices have had an upward trend during last week. Gold rose every day of the week; silver increased every day as well except on Thursday. The speculation continues to run high about the possibility of the Fed introducing…
Gold and silver prices finished the week on a positive note as both precious metals edged up on Friday. Crude oil price (WTI) also edged up, while Brent oil declined. Natural gas Henry Hub (July delivery) slipped, while the spot…