Gold price shifted direction and fell for first time this week; silver price also followed with sharp falls; crude oil prices increased again yesterday after sharp falls during most of August; natural gas spot price (Henry Hub) declined while the…
Gold price keeps on rising and is nearing the $1,800 mark; silver price has also followed and recorded yesterday gains; crude oil prices bounced back and rose very sharply yesterday despite the falls in the stock markets and the appreciation…
The stock markets bounced back from the sharp falls they had recorded on Monday; this shift didn’t stop from gold price to continue its rally and break new highs. Silver price changed direction and sharply fell. The FOMC kept the…
Gold price inclined again yesterday and reached new highs despite the recovery of the major stock markets from Monday’s falls; silver price continued to fall; crude oil prices had a mixed trend as the WTI spot oil price declined, while…
Yesterday, the Federal Open Market Committee convened to decide on the Fed’s monetary policy and US interest rate. As expected the FOMC decided to keep the US interest rate unchanged at 0% to 0.25%. In the meeting there were no…
The stock markets took a plunge yesterday over the decision of the rating agency Standard and Poor’s to downgrade the US credit rating; Wall Street is currently showing some signs of recovery as a correction to yestreday’s falls. President Obama’s…
Gold and silver prices changed direction from the end of last week and the concerns over the stability in the US affected them; gold price reached new record high as it passed the $1,700 mark; crude oil prices have resumed…
All eyes are towards Wall Street over the markets’ reaction to the weekend news of Standard and Poor’s downgrading the US credit rating; ECB signaled yesterday it will purchase Italian and Spanish bonds in an attempt to cool down the markets. Today,…
Gold and silver prices changed direction in July and rose very sharply, after a slow paced movement during June and May. What were the driving forces behind the recent rally of gold and silver prices during July? Much like the…
The major news over the weekend came from the US when Standard & Poor’s downgraded the US credit rating from AAA to +AA for the first time in US history. The US treasury department already reacted to this news and…