Gold and silver prices continued to rise yesterday and thus completed a fourth business day rally. The European Union leaders reached an agreement on the debt crisis that could ease the concerns of the financial community and thus curb the…
Gold and silver prices continued their rally and increased for the fourth straight business days; on the other hand crude oil prices sharply fell; natural gas prices were traded with mixed trend as the spot price increased while the short…
After ten hours of deliberations the EU leaders have managed to reach an agreement regarding the main issues of the European debt crisis. The EU leaders agreed to make a 50% haircut on the Greek debt; they have also agreed…
Today, the U.S. Census Bureau published its monthly report on U.S. durable goods manufactures’ shipments, inventories and orders for September 2011 – the report showed a decrease in orders of durable goods and in capital goods compared to August. According…
Today, the U.S. Census Bureau reported on U.S new homes sales for September 2011 and it showed a change in direction as the number of homes sold rose compared with August’s numbers. According to the report, in September 2011 the…
Gold and silver prices sharply rose yesterday and recorded the sharpest gains during October. Does this mean there is a shift in the recent trend of gold and silver prices from downward to upward? Today, the second (this week) EU…
There are a rising number of articles that debate the possibility of returning to the gold standard. I think this scenario has little chance of coming true as it will take away many of the powers the central banks have…
The precious metals market heated up again as gold and silver prices sharply inclined for the third straight business days; WTI oil price sharply rose, while Brent oil slipped resulting in the gap between the two energy prices shrinking; natural…
According to the recent U.S. consumer confidence survey, the consumer confidence index slipped in October compared with September’s index. The index reached in October to 39.8 (1985=100) a drop from 46.4 in September. American consumers’ short term outlook in U.S.…
Gold and silver prices started the week with moderate gains along with the sharp gains recorded in other major commodities prices such as crude oil prices. Currently gold and silver prices are traded sharply up. Today, U.S Consumer Confidence report…