The minutes of the recent FOMC meeting were published and didn’t reveal anything new: several members still think the current asset purchase program, in which the Fed is purchasing each month $85 billion of mortgage backed securities and long term…
Major commodities traded in a mixed trend on the third business day of the week: the price of Brent slipped while WTI oil rose again on Wednesday; natural gas Henry Hub future (short term delivery) rallied yesterday; silver and gold…
The gold market continues to cool down. The recovery of the U.S stock market is pulling investors out of safe haven investments and into the stock market. The leading gold producers are the first to suffer from this shift in…
Gold and silver changed course and rallied yesterday along with other commodities such as oil and the major “risk related currencies” such as the Euro and Aussie dollar. The main event of the week – the publication of the minutes…
Major commodities traded mostly up on the second business day of the week: the price of Brent and WTI oil rose again on Tuesday; natural gas Henry Hub future (short term delivery) declined yesterday; silver and gold prices rallied on…
Gold and silver declined yesterday and thus continued their downward trend from last week. The Japanese yen continues to loose ground against the USD and Euro, while the Euro and other risk related currencies slightly appreciated against the USD. Will…
Leading commodities traded in a mixed trend on the first business day of the week: the price of Brent and WTI oil changed direction and rose on Monday; natural gas Henry Hub future (short term delivery) declined yesterday; silver and…
Gold and silver continued to trade down during most of last week. By the end of the week, however, the prices of gold and silver bounced back following the disappointing U.S non-farm payroll report. The recent developments in the forex…
Gold and silver tumbled down in recent weeks. Their decline didn’t seem to coincide with the developments in the forex markets including the sharp depreciation of the Japanese yen. In the U.S jobless claims rose by 28k to 385k; non-farm…
The prices of major commodities including gold, crude oil and silver tumbled down during most of last week. Conversely, major currencies moved in a mixed trend: The Euro rose against the USD while the Japanese Yen fell against the USD.…