Major commodities including crude oil gold and silver tumbled down during most of last week. The sharp fall in oil prices may have stemmed from the recent negative U.S report (e.g. retail sales) that showed a decline in demand, and…
Gold and silver took another beating and had one of the worst performing weeks in recent years. As of April 12th, the price of gold plummeted by 5.9%, which makes April the worst performing month for gold (to date) since…
Major commodities traded mostly down on the last business day of the week: the prices of Brent and WTI oil tumbled down on Friday; natural gas Henry Hub future (short term delivery) continued to rally yesterday; silver and gold prices…
Retails and foods services sales changed course and unexpectedly fell for the first time in five months; the index decline during March 2013 by 0.4% compared with February’s sales but remained above the sales at March 2012. The U.S. Department…
According to the recent producer price index monthly update, which was published yesterday, the PPI for finished goods changed course and sharply fell by 0.6% in March compared with February’s index. This report serves as an indicator for the developments…
Major commodities traded in a mixed trend on the penultimate business day of the week: the prices of Brent and WTI oil changed direction and fell on Thursday; natural gas Henry Hub future (short term delivery) continued to trade up…
Gold and silver continue to seek direction as they have changed direction again and tumbled down yesterday. The ongoing recovery of the U.S stock market is plausibly pulling investors out of safe haven investments such as gold and silver and…
The minutes of the recent FOMC meeting were published and didn’t reveal anything new: several members still think the current asset purchase program, in which the Fed is purchasing each month $85 billion of mortgage backed securities and long term…
Major commodities traded in a mixed trend on the third business day of the week: the price of Brent slipped while WTI oil rose again on Wednesday; natural gas Henry Hub future (short term delivery) rallied yesterday; silver and gold…
Gold and silver continued to trade down during most of last week. By the end of the week, however, the prices of gold and silver bounced back following the disappointing U.S non-farm payroll report. The recent developments in the forex…