Major commodities traded sharply up on the first business day of the year: the price of Brent oil and WTI oil rose again; the prices of gold and silver also rose on Tuesday; natural gas Henry Hub future (short term…
Yesterday, the U.S. Manufacturing ISM report was published; according to the latest report, the U.S. Manufacturing PMI index bounced back and rose to 50.7% during December 2012. The U.S. Manufacturing PMI is an index estimates the economic development of the…
The prices of gold and silver rallied on Monday. Will this rally continue? The recent news from the U.S is that the fiscal cliff was averted. This news received the final confirmation as Congress approved the plan to increase taxes…
Major commodities traded mostly up on the last business day of the year: the price of Brent oil and WTI oil changed direction and rallied; the prices of gold and silver also shifted gear and rose on Monday; natural gas…
Gold and silver edged down again during last week. Unless there will be a last minute development, the U.S economy will jump over the “fiscal cliff”. These budget talks aren’t likely to end in 2012 as U.S policymakers could still…
Precious metals prices resumed their downward trend during December. This downward trend, however, was less related to the movement of the USD or the changes in other commodities prices and was plausibly related to other factors. These factors could include…
The prices of gold and silver edged down during the previous week. As the year is winding down, the clock is still ticking on the fiscal cliff. Up to now, the White House and Congress didn’t progress towards a viable…
During the previous week, major commodities remained mostly unchanged as the markets slowed down due to the Holiday. Even the uncertainty around the fiscal cliff didn’t seem to affect the foreign exchange and commodities markets. Last week several U.S reports…
Gold and silver edged down during last week. The discussions between the White House and Congress officials regarding cutting the U.S budget deficit in this decade and avoiding the fiscal cliff didn’t seem contributed to movement in the bullion market.…
Major commodities traded mostly down on the last business day of the week: the price of Brent oil and WTI oil declined again; the prices of gold and silver also shifted gear and slipped on Friday; natural gas Henry Hub…