Gold and silver changed direction and traded down along with the rest of the market following the announcement that S&P will cut the credit rating of France and Austria from AAA to AA+. The other leading rating agencies left these…
Gold and silver prices continued their upward trend of the past couple of weeks. Yesterday the ECB decided to keep interest rates unchanged which in turn may have helped keep the Euro strong against the US dollar. . But in today’s…
Gold and silver continued their upward trend and moderately rose in Thursday’s trading; on the other hand, major energy commodities were traded down: crude oil prices declined, and natural gas price continued to sharply decrease. Major currencies appreciated against the…
Retails and foods services sales slightly increased again in December compared with November 2011’s sales, and were also above the sales at December 2010. The U.S. Department of Commerce issued its monthly report on the change in the U.S. retail…
Gold and silver prices rose again in yesterday’s trading despite the drop in the other commodities prices such as oil prices and the depreciation of the Euro and Australian dollar against the US dollar. Today there is the ECB rate…
Gold and silver prices continued to rise even though other commodities prices declined in yesterday’s trading: crude oil prices changed direction and moderately declined, and natural gas price took a dive and precipitately decreased. Major currencies such as Euro and…
As expected the European Central Bank kept the basic interest rate at 1.00% after ECB had cut the rate in twice in the past couple of months. President of ECB, Mario Draghi continues to call for structural reforms in EU…
Gold and silver prices continue to rise along with the rest of the other commodities prices including crude oil prices. The Australian dollar appreciated against the US dollar. This rally in the Forex market may have also helped push up…
Gold and silver prices started the second week of 2012 with light changes as gold price moderately declined and silver price slightly rose. Currently, gold and silver are traded up. Some attribute the current rally to speculation of rising demand…
Gold price continued its downward trend from Friday and declined on the first day of the week, while silver priced moderately rose ; crude oil prices also slipped yesterday; on the other hand natural gas spot price rallied on Monday.…