Following the sharp plunge in the stock markets and commodities markets during Friday after the disappointing U.S employment report came out, the market slightly bounced back on Monday as crude oil (both Brent and WTI) were traded down. Furthermore, the…
Gold and silver prices changed direction again sharply rose on the last day of the week. The disappointing U.S labor report that came out on Friday rekindled the speculation of the next move of the Fed (i.e. another stimulus plan)…
Last week gold and silver prices started off the same way they have shifted during the last couple of weeks with little movement until Friday when both precious metals rates (mainly gold) spiked. The disappointing U.S employment figures were the…
The commodities markets experienced one of the most turbulent weeks in 2012 (up to date) as gold and silver prices sharply rose on Friday while major energy commodities prices including oil and natural gas tumbled down throughout the week. The…
Precious metals prices took a sharp turn on Friday and recorded their largest single day gain in a while. Gold rose by 3.7% – the last time the price of gold increased by such a rate was back in August…
Gold and silver prices changed direction again and spiked on Friday. The disappointing U.S employment report and U.S PMI Manufacturing index may have contributed to the rally in precious metals and the renewed speculations of another QE program in the…
Gold and silver prices changed direction again and edged down on the last day of the month. The U.S GDP for Q1 2012 was revised down to 1.9%; U.S jobless claims rose last week. On today’s agenda: GB Manufacturing PMI,…
The growth in U.S. employment didn’t meet expectations and only slightly expanded during May: according to the latest U.S. employment report, which was published today, June 1stby the Bureau of Labor Statistics the number of non-farm employees increased by only…
Today the U.S. Manufacturing ISM report was published; according to the recent report, the U.S. Manufacturing PMI growth rate decreased to 53.5% during May 2012. The U.S. Manufacturing PMI is an index that estimates the economic progress of the U.S.…
Gold and silver prices changed direction again and this time edged down during Thursday. Crude oil continued its downward trend and fell (both Brent and WTI). Furthermore, the price of natural gas (spot) also declined while the future price remained…