During the previous week, the prices of bullion shifted with an unclear trend as the recent developments in Spain, Greece and Italy continued to pose uncertainty in the Euro Area. Further, the mixed signal about the progress of the U.S…
Precious metals prices resumed their upward trend mainly during the first couple of weeks of the September in anticipation of many bullion traders for another intervention of the FOMC. This bet paid off because on September 13th the FOMC announced…
Precious metals prices zigzagged throughout the week with an unclear trend despite the deprecation of the Euro and other “risk currencies” during last week. There were several reports that were published during the previous week: the U.S GDP growth rate…
Major commodities trade in mixed trend on the last day of the week: WTI oil rose while Brent oil edged down yesterday; gold and silver changed direction and declined on Friday; natural gas Henry Hub future (October delivery) and spot…
Following the decline of precious metals during most of the week, they have changed direction as both gold and silver prices pulled up on Thursday along with the rest of the market including oil prices, the Euro and major stock…
Major commodities trade up on Thursday: WTI oil and Brent oil rallied yesterday; this rally came after the WTI oil price had declined in the previous three days; gold and silver also bounced back and rose on Thursday; natural gas…
The prices gold and silver declined yesterday and thus since September 14th, following the announcement of the FOMC to launch QE3, the price of silver fell by 2.07% and gold by 1.08%. The same goes for the Euro and other “risk…
The highly anticipated announcement of the FOMC to launch QE3 was finally made a couple of weeks ago. As expected, on the day of the announcement the prices of gold rose. But since then, the price of gold remained nearly…
The bureau of economic analysis published today September 27th its third and final estimate of the growth rate of the U.S. Gross Domestic Product for the second quarter of 2012. According to the recent update U.S output of goods and…
Major commodities trade in a mixed trend on Wednesday: WTI oil decline again and thus completed a three consecutive days of falls, while Brent oil rose again; gold and silver also declined; silver fell for the fourth straight day; natural…