The week ended as gold and silver prices increased all week especially at its end. Gold price rose to its highest price level in 2011 as it reached on April 8th, 1,474$/oz. Silver price also rose and passed the 40$…
Category: Gold
Weekly outlook for April 11-15
Here is a weekly forecast for April 11th to 15th presenting the main news items and reports related to US, Canada and Europe, and scheduled events, such as the G7 and G20 meetings. During the upcoming week, Trading Energy will…
Major commodities finished the week on a high note – April 8
The week ended on a high note as major commodities including crude oil, gold and silver. For silver it even passed the 40 USD mark – its highest level since February 1980 (in London trade). On the other hand, natural…
How does the ECB’s interest rate decision affects commodities?
The recent European Central Bank decision to raise the Euro Area interest rate came with little surprise. What does this decision mean to the financial markets and in particular the commodities market? The European Central Bank convened yesterday in Frankfurt,…
Gold & Silver Prices Outlook – 8 April
Let’s examine the news and events that might affect current gold and silver prices as of April 8th: ECB raised its interest rate European Central Bank decided to raise the Euro Area interest rate by 0.25 percent point to 1.25%.…
Oil prices continued their rally – April 7
The same trend that was on Wednesday continued on yesterday, crude oil prices (WTI and Brent oil) inclined; gold and silver prices also continue to increase; natural gas spot price (Henry Hub) declined for the second straight day. Here is…
Oil prices moderately rise – April 6
Yesterday, crude oil prices (WTI and Brent oil) moderately inclined; gold and silver prices continue their rally; natural gas spot price (Henry Hub) continues to zigzag as it declined yesterday. Here is a short summary of the price changes in…
Gold & Silver Prices Outlook –6 April
Let’s examine the news and events that might affect current gold and silver prices as of April 6th: China raised its interest rate Bank of China raise its basic interest rate by 25 basis points to 6.31%. This is the…
Gold and silver prices continue to increase – April 5
Yesterday, gold and silver prices continue their rally; crude oil prices (WTI) moderately declined, while Brent moderately inclined; natural gas spot price (Henry Hub) bounced back from yesterday’s fall. Here is a short summary of the price changes in major…
Natural gas prices keep on falling – April 4
Yesterday, there were moderate price changes for major commodities as crude oil prices (WTI and Brent) moderately inclined; natural gas spot price (Henry Hub) declined; and precious metals’ prices including gold and silver prices rose. Here is a short summary…