Precious metals prices hiked on the last day of the week, following Ben Bernanke speech that raised expectations of many precious metals traders that another quantitative easing plan might be announced by the FOMC in the near future. Despite the…
Many major commodities prices rose on Friday: crude oil price (WTI) and Brent oil hiked on the last day of the month; gold and silver changed direction and hiked after they had declined for three consecutive days; natural gas Henry…
Crude oil prices didn’t do much during most of the week despite the expectations that hurricane Isaac might have adversely affected the oil market in the U.S. The gap between Brent and WTI slightly shrunk again during last week. The oil…
Natural gas price (short term delivery) resumed its rally during most of last week, while the spot price declined. Following these shifts the difference between future and spot was mostly in Contango during the week. The NG storage rose again…
Several commodities prices declined again during Thursday: crude oil price (WTI) declined while the price of Brent oil edged up after it had declined for six consecutive days; gold and silver traded down on Thursday – this was the third…
Most commodities traded down again during Wednesday: the price of Brent oil fell again for the sixth consecutive day; crude oil price (WTI) also declined; gold and silver traded down on Wednesday – this was the second consecutive day in…
Most commodities traded down during Tuesday: the price of Brent oil declined again for the fifth consecutive day, while oil price (WTI) rose; gold and silver also traded down on Tuesday – this was after silver had increased for six…
Many commodities traded at a mixed trend during Monday: crude oil price (WTI and Brent oil) fell again for the third consecutive day; gold and silver, on the other hand, rose on Monday – this was the sixth consecutive day…
Precious metals prices resumed their rally as bullion traders were waken from their recent slumber after the minutes of the FOMC had revealed the Fed is leaning towards issuing another QE program in the near future. On Thursday both gold…
Crude oil prices took a pause from their recent upward trend of the past several weeks and remained nearly unchanged during last week. Further, the gap between Brent and WTI also didn’t change much and slightly dwindled. The recent publication…