Due to the U.S Independence Day holiday the U.S markets were closed so that major commodities only slightly movement in the Asian and European Markets. These changes weren’t recorded in the U.S markets. The Euro slightly depreciated against the USD.…
As many had expected the European Central Bank lowered the basic interest rate at 0.75%; the last time ECB had cut the rate was back in December by 0.25 percent points President of ECB, Mario Draghi also referred in the…
Gold and silver prices bounced back on Tuesday after they had declined on Monday. Yesterday it was reported that the U.S factory orders (new orders) rose by $2.7 billion in May. The recent news of the IMF lowering the U.S…
Major commodities changed direction again and this time bounced back on Tuesday after they had declined on Monday. Crude oil prices including both WTI and Brent hiked on Tuesday. Natural gas Henry Hub (August delivery) also rose. Gold and silver…
Gold and silver prices started off the week falling after they had risen on Friday. The decline in China’s manufacturing PMI index and the tumble of U.S manufacturing PMI to its lowest level since 2009 may have contributed to the…
Major commodities changed direction and declined on Monday after they had hiked on Friday. The disappointing U.S and China’s manufacturing PMI may have contributed to the decline in commodities rates. Crude oil prices including both WTI and Brent declined on…
Gold and silver prices changed direction on Friday and hiked along with other commodities rates. The resolution in the EU Summit helped rally of Euro/USD that dragged along with it other currencies and commodities rates. Will this rally continue this…
Today the U.S. Manufacturing ISM report came out; according to the recent update, the U.S. Manufacturing PMI index fell to 49.7% during June 2012. The U.S. Manufacturing PMI is an index that estimates the economic progress of the U.S. manufacturing…
Last week gold and silver prices continued to zigzag with an unclear trend until Friday when both metals along with the rest of other markets including forex, commodities and stocks hiked. The EU Summit and the conclusion from it had…
Precious metals prices didn’t do much on a monthly scale even though there were many events and news items that shifted gold and silver from gains to losses with an unclear trend. The FOMC decision to extend operation twist on…