Gold and silver prices took a sharp turn and sharply rose yesterday. Gold recorded the sharpest single day gain this year (UTD). The Philly Fed Index tumbled down to -5.8 in May; this news may have rallied bullion prices but…
Gold and silver prices changed direction and bounced back during yesterday’s trading. The recent disappointing news of the drop in the Philly Fed Index may have been among the factors to drag down energy commodities prices: Crude oil (WTI) continued…
Gold and silver prices tumbled down again during yesterday along with other commodities prices. The new elections in Greece will be held on June 17. In the meantime the ECB temporarily stopped lending to several Greek banks. Did the minutes…
Today, the fifth survey of 2012 for the Philly Fed Manufacturing Index for May was published: this survey estimates the U.S. manufacturing conditions changed direction from growth to contraction during May; the Philly Fed index tumbled down from +8.5 in…
The recent news from Greece is that there will be elections on June 17th. The housing starts rose by 2.6% in April. This news along with the recent developments in Europe may have been among the factors to further drag…
Gold and silver prices continued their downward trend during yesterday’s trading despite the slightly positive news of the higher than expected growth rate of Germany’s GDP in the Q1 2012 (a growth rate of 0.5%); the news of the new…
The recent developments in Europe including the higher than expected growth rate of Germany’s GDP by 0.5%, and the news that Greece is heading towards another elections, left the Euro falling again against the USD. Gold and silver prices continued…
According to the latest U.S. Census Bureau report about the new residential construction statistics for April 2012 there was an increase in housing starts but a decrease in building permits. Privately owned Housing starts rose in April 2012: the seasonally…
The Bureau of Labor Statistics published yesterday the recent report of the U.S CPI for April 2012. According to the publication the consumer price index remained unchanged and in annual terms the US CPI rose by 2.3%. The consumer price…
Gold and silver prices declined again yesterday and thus both metals were traded down in eight out of the ten business days in May (so far). The speculation around the next move in the EU following the shift in the…