The Euro Area GDP contracted by 0.2% during the second quarter of 2012; this contraction in GDP came despite the slight growth in Germany’s economy by 0.3% and perhaps due to the decline in GDP in other leading countries such…
Many commodities declined again on the first day of the week: crude oil price (WTI and Brent) declined for the second consecutive day; gold and silver also slipped; natural gas Henry Hub (September delivery) and spot prices continued their downward…
Retails and foods services sales edged up in July 2012 compared with June’s sales, and were above the sales at July 2011. The U.S. Department of Commerce published today its monthly report on the changes in the U.S. retail and…
The prices gold and silver edged up during last week, and I suspect this trend will continue in the days to follow. As I have pointed out in the precious metals weekly outlook the main events of the week will…
During last week gold and silver prices edged up. There weren’t too many events that affected the bullion or forex markets. There were several reports that came out during the week but none of them seem to have a substantial…
During last week there weren’t many changes in the Forex and commodities markets: the Euro/USD declined while major commodities such as gold oil and silver rose. Will this direction change during this upcoming week? There are several important publications and…
Precious metals prices didn’t do much during the week as they both edged up on a weekly scale. There were several reports that came out during the week but none of them seem to have a substantial effect on precious…
Many commodities changed direction and declined on the last day of the week: crude oil price (WTI and Brent) changed direction and fell on Friday; gold rate edged up while silver slipped; natural gas Henry Hub (September delivery) and spot…
Gold and silver prices continued to seek direction as both precious metals edged up on Thursday. These metals rose despite the decline of the Euro and perhaps due to the appreciation of other “risk currencies” including Aussie dollar and Canadian…
Many commodities continued to trade up on Thursday: crude oil price (WTI) nearly didn’t change while Brent oil rose again on Thursday; gold and silver also edged up; natural gas Henry Hub (September delivery) rose while spot prices remained unchanged.…