The price of gold didn’t do much during January; silver price, on the other hand, bounced back from its tumble during December and rose during last month. The little movement in the price of gold on a monthly scale might…
The prices of precious metals changed course and tumbled down yesterday after they spiked on Wednesday. China’s manufacturing PMI (opens pdf) inched down to 50.4, which means the manufacturing sectors in China are expanding at a slower pace than in…
Today, the U.S. Manufacturing ISM report was published; according to the recent report, the U.S. Manufacturing PMI index rose again to 53.1% during January 2013. The U.S. Manufacturing PMI is an index estimates the economic development of the U.S. manufacturing…
The U.S. employment rose again by lower than many had anticipated – according to ADP the non-farm payroll rose by 192k – during January: according to the latest U.S. employment report, which was published today, February 1st by the Bureau…
Major commodities traded in a mixed trend on the fourth business day of the week: the price of Brent oil rose while WTI oil slightly decreased yesterday; natural gas Henry Hub future (short term delivery) inched up yesterday; the prices…
The prices of precious metals spiked yesterday along with other commodities and risk related currencies such the Euro and British Pound against USD. The unfavorable report regarding the contraction in the U.S economy – U.S GDP for Q4 declined by…
Major commodities traded up on the third business day of the week: the price of Brent oil and WTI oil slightly increased yesterday; natural gas Henry Hub future (short term delivery) bounced back and spiked yesterday; the prices of gold…
The FOMC concluded its first meeting this year and as the market had anticipated, the Fed left its policy unchanged: the Fed will continue purchasing mortgage-backed securities at a pace of $40 billion per month, and long term securities at…
The prices of precious metals changed direction and bounced back yesterday. This rally coincided with the recent rally of risk related currencies such the Euro, Aussie dollar and Canadian dollar against USD. Today, the FOMC will conclude its two day…
The bureau of economic analysis came out today January 30th with its first estimate of the growth rate of the U.S. Gross Domestic Product for the fourth quarter of 2012. According to the latest update, U.S output of goods and…