During last week, major energy commodities changed direction and rallied while precious metals continued to trade down. Last week several U.S reports were published: U.S GDP for the third quarter was revised up to a growth rate of 3%; the…
Gold and silver resumed their downward trend and declined during last week. The discussions around the U.S multi-year budget in an attempt to avoid the fiscal cliff may have contributed to the sharp changes in the bullion market. Several U.S…
Many energy commodities traded mostly down on the last business day of the week: the price of Brent oil and WTI oil changed direction and fell– WTI oil increased for five consecutive business days before falling yesterday; the prices of…
The prices of gold and silver tumbled down again for the third consecutive day. The recent U.S reports showed signs of progress. U.S GDP growth rate was revised up to 3.1%; Philly Fed index bounced back in the December survey;…
Many commodities traded with a mixed trend again on the penultimate business day of the week: the price of Brent oil slipped yesterday while WTI oil rose again – WTI oil increased for fifth consecutive business day; the prices of…
The prices of gold and silver continued their downfall as both metals declined again yesterday for the second consecutive day. The recent U.S housing report showed little change in the housing market and thus may also have a moderate effect…
The bureau of economic analysis published today December 20th its final estimate of the growth rate of the U.S. Gross Domestic Product for the third quarter of 2012 and a third estimate for corporate profits. According to the recent update,…
Today, the twelfth survey of 2012 for the Philly Fed Manufacturing Index for December was published. This survey projects the U.S. manufacturing conditions. According to the recent update the conditions have improved. Further, the index turned positive; the Philly Fed…
Many commodities traded with a mixed trend on the third business day of the week: WTI oil and Brent oil rose again yesterday – WTI oil increased for fourth consecutive business day; the prices of gold and silver continued to…
The prices of precious metals resume their downward trend as both gold and silver sharply fell. The recent tumble in precious metals, however, didn’t coincide with the recent depreciation of the USD. The talks between President Obama and House Speaker…