Gold and silver continued to flat line during last week as both precious metals ended up slightly higher than the previous week. In the U.S, several reports showed some mixed signs regarding its progress: jobless clams dropped again by 24k to…
Gold and silver resumed their downward trend during last week. The recent testimony of FOMC Chair Yellen, in which she reiterated her view that the U.S economy is on the right track towards improvement, may have dragged down the prices…
Gold and silver had a slow downward trend during most of the week only to bounce back on Friday following the release of the U.S non-farm payroll report. Gold ended the month modestly rising, while silver slipped. In the forex…
Oil price (WTI) declined by 3.5% last week. Brent oil remained unchanged. As a result, the gap of Brent oil over WTI widened: The premium ranged between $5.58 and $8.98. Last week, the EIA’s weekly report showed another gain in…
Gold and silver moved in an unclear trend and slightly rose last week. In the forex market, the U.S dollar also slightly depreciated against the Euro and Japanese Yen. This modest depreciation of the US dollar may have contributed to…
Gold and silver changed direction and decreased during last week. In the forex market, the U.S dollar appreciated against many currencies such as Euro, Japanese Yen, and Canadian dollar. This shift may have contributed to decline of precious metals. The…
The natural gas bounced back during last week. United States Natural Gas (UNG) also recovered. According to the latest U.S Energy Information Administration weekly update, last week’s natural gas injection was the first one in twenty weeks; it was still…
Gold bounced back during last week while silver remained nearly unchanged. In the forex market, the U.S dollar depreciated again against several leading currencies including Euro, Japanese Yen, and Aussie dollar. This trend may have also contributed to modest recovery…
Gold and silver didn’t do much and only slightly rose during last week. The U.S continued to show signs of slow recovery as the last non-farm payroll report was an improvement from previous months but wasn’t much better than expected. 192k jobs…
Gold and silver continued their descent during the previous week. The aftermath from the FOMC’s tapering decision one week earlier kept dragging down bullion prices. Moreover, the U.S dollar slightly appreciated against some leading currencies including Euro and Japanese yen.…