Gold and silver prices slightly declined on Tuesday. The news of the rate reduction of RBA adversely affected the Aussie dollar. The U.S manufacturing PMI increased to 54.8, an increase of 1.4 from March’s reading. China’s manufacturing PMI didn’t reach…
The main energy Commodities prices sharply rose yesterday following the improvement in the manufacturing sector in the U.S according to the recent U.S PMI report. On the other hand gold and silver prices slightly decreased. Finally, the Euro edged down…
Yesterday the U.S. Manufacturing ISM report was released; according to the recent report, the U.S. Manufacturing PMI growth rate increased to 54.8% during April 2012. The U.S. Manufacturing PMI is an index that estimates the economic progress of the U.S.…
Gold and silver prices continued to dwindle yesterday: both metals prices slightly declined on the last day of the month. Earlier today the RBA announced it will cut its interest rate by 0.5 percent point to 3.75%. This rate reduction…
Commodities market didn’t perform well on the last day of the month as gold and silver prices decreased. Crude oil prices changed direction and edged down on April 30th after they had increased for four consecutive days. On the other…
Gold and silver prices slightly increased on Friday and may continue this slow-paced trading on the last day of the month. Spain published its GDP report: Spain’s GDP had contracted by 0.3% in the first quarter of 2012 – the…
Last week gold price slightly increased despite the expectations that the FOMC meeting will adversely affect bullion prices. Silver price slightly declined last week. The U.S GDP for Q1 2012 didn’t reach expectations and may have been among the factors…
Crude oil prices showed some signs of recovery as both WTI and Brent oil slightly increased during last week. They are still in their respective range of $102-$105 for WTI and $117-$120 during the past several weeks; the sharp rise…
The bullion market has slowed down during the past three months: during February gold declined by 1.67%, during March by 2.3% and during April by 0.42%. Silver hasn’t done any better. The recent FOMC meeting didn’t affect Precious Metals at…
Despite the high expectations for dramatic turns during last week’s big news items including the FOMC meeting and U.S GDP for Q1 2012, eventually there were little movements in the major forex and commodities markets. As we are entering a…