Today the U.S. Manufacturing ISM report was published; according to the recent report, the U.S. Manufacturing PMI index edged up to 49.8% during July 2012. The U.S. Manufacturing PMI is an index that estimates the economic progress of the U.S.…
Gold started off the week the same way it has ended the previous one, edging up. Silver rose by a larger rate than gold did. Today, the FOMC will start a two day meeting; tomorrow the FOMC will publish a…
Most major commodities moved in a mixed trend during Monday: crude oil prices including WTI and Brent oil declined; gold and silver prices increased; natural gas Henry Hub (August delivery) and spot price hiked. The Euro changed direction and fell…
The U.S consumer confidence index changed direction and rose during July, after this index had declined during the past couple of months. . According to the recent U.S. consumer confidence survey, the consumer confidence index declined in July compared with…
Gold and silver edged up on the last day of the week; on a weekly scale both precious metals also increased. As I have pointed out in the gold and silver weekly outlook the main events of the week will…
Precious metals prices continued to present an unclear trend during most of the month. The fall and rise of Euro/USD coincided with the movement of precious metals prices. Will this unclear trend continue in August? The main events of the…
Last week gold and silver prices started off falling but by they have bounced back during the last few days . There were several reports and statements that helped rally the Euro. GB’s GDP contracted in the second quarter of…
During last week the Euro and commodities prices started off falling but by the second part of the week they have changed direction and rallied. The pledge of ECB President to preserve the Euro did the trick. Now it will…
Precious metals started off the week in the same direction from the previous week – trading down. This direction changed coming Wednesday when both metals along with other commodities rates and “risk currencies” rose. The news of the contraction of…
Most major commodities rose during Friday: crude oil prices including WTI and Brent oil rose again; gold and silver prices didn’t do much as both precious metals edged up; natural gas Henry Hub (August delivery) and spot price declined again.…