The FOMC concluded its sixth meeting this year and as the market had anticipated, the Fed announced it will launch QE3 that will consist of purchasing additional agency mortgage-backed securities at a pace of $40 billion per month. The Fed…
The prices gold and silver didn’t do much again on Wednesday despite the publication of the German court ruling on EMS that approved the bailout. The next step will be to wait for Spain to officially request a bailout. Currently…
Major commodities traded again in a mixed trend on Wednesday: WTI oil price slipped while Brent oil rose; gold and silver didn’t do much as the both precious metals slipped yesterday; natural gas Henry Hub future (October delivery) and stop…
According to the latest producer price index monthly report, which came out today, the PPI for finished goods rose by 1.7% in August compared with July’s index. This report serves as an indicator for the developments in the U.S core…
The prices gold and silver didn’t do much as the market waits for the two main events of the week regarding the German court ruling on EMS and tomorrow’s publication of the FOMC statement. In regards to the court ruling,…
Major commodities traded again in a mixed trend on Tuesday: WTI oil price rose while Brent oil edged down; gold and silver didn’t do much as the former edged up while the latter slipped yesterday; natural gas Henry Hub future…
The prices gold and silver slipped yesterday along with many other currencies pairs such as the Euro/USD and AUD/USD. It seems that the markets are still waiting for the big news items that will come later this week including the…
Major commodities traded in a mixed trend on the first day of the week: WTI and Brent oil price edged up; alternatively, gold and silver decreased yesterday; natural gas Henry Hub future (October delivery) bounced back and hiked by over…
The ongoing hype over the expectations of another QE3 to be announced by the FOMC in the near future (the next FOMC meeting will be held on September 12th and 13th) made me think about the relation between the speculations…
The prices gold and silver traded up again during last week, and I suspect precious metals rates will further increase this week. The number of jobs added in August according to the U.S non-farm payroll report didn’t meet expectations. This…