Category: Gold

U.S Housing Starts Declined by 3% in November 2012

According to the latest U.S. Census Bureau report regarding the new residential construction statistics for November 2012, the annual rate of housing starts fell while rate of building permits rose. This report sends a mixed signal as to the progress…

Gold and Silver Prices Outlook for December 17-21

The prices of gold and silver continued their downward trend throughout most of last week.  The concerns regarding the fiscal cliff is among the reasons the FOMC decided to expand QE3 by purchasing long term treasuries securities at a pace…

Weekly Outlook of Financial Markets for December 17-21

During last week, major commodities continued their downward trend including oil, natural gas, silver and gold. The recent decision of the FOMC to expand QE3 by purchasing $45 billion of long term treasuries on a monthly basis starting January 2013…

Euro and Oil Rallied on Friday – Recap December 14th

Many commodities prices remained nearly unchanged on the last business day of the week: WTI and Brent oil prices bounced back on yesterday; the prices of gold and silver remained virtually unchanged on Friday; natural gas Henry Hub future (short…