Yesterday, the U.S. Manufacturing ISM update came out; based on the recent report, the U.S. Manufacturing PMI index increased again to 54.2% during February 2013. The U.S. Manufacturing PMI is an index estimates the economic changes of the U.S. manufacturing…
Gold and silver continued to trade down for the second consecutive day. The recent news from U.S: GDP for Q4 expanded by 0.1%; this was a correction to the preliminary estimate in which the GDP was reported to have dropped…
Major commodities were traded mostly down on the penultimate business day of the week: the prices of Brent oil and WTI oil fell on Thursday; natural gas Henry Hub future (short term delivery), on the other hand, rose yesterday; silver…
The prices of gold and silver changed direction and fell after they had increased at the first couple of days of the week. After Bernanke’s testimony in the Senate, he turned to the House of Representatives yesterday. Bernanke remained about…
The bureau of economic analysis published today February 28th its second estimate of the growth rate of the U.S. Gross Domestic Product for Q4 2012. Based on the recent update, U.S output of goods and services growth rate rose by…
Major commodities were traded in a mixed trend on the third business day of the week: the price of Brent oil declined while WTI oil slightly rose on Wednesday; natural gas Henry Hub future (short term delivery) also inched up…
The prices of both gold and silver continued to rally yesterday. Thus, they have completed a two day rise in prices. Their rally, however, didn’t seem to coincide with the developments in the forex markets as many risk currencies such…
Shares of Barrick Gold Corporation (NYSE: ABX) continued their downward trend from 2012 and lost almost 12% of their value in 2013 (year-to-date). Barrick along with Goldcorp Inc. (NYSE: GG) have decided to report the full costs of their productions…
Several commodities were traded up on the second business day of the week: the prices of Brent oil and WTI oil declined on Tuesday; natural gas Henry Hub future (short term delivery) on the other hand increased yesterday; silver and…
The bullion market shifted gear and both gold and silver bounced back yesterday, following their plunge during last week. The Italian elections resulted in a deadlock which may have led to the weak Euro. This news, however, didn’t seem to…