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…
The natural gas market continues to lose steam as its price slowly declined during last week. United States Natural Gas (UNG) also fell last week. According to the latest U.S Energy Information Administration weekly update, last week’s natural gas injection…
Gold and silver moved sideways during the previous week only to slightly rise on a weekly scale. The economic reports that were released last week showed a modest slowdown in the U.S and may have contributed to the modest rise…
The forex and commodities markets didn’t move in a clear direction last week but this is likely to changes in this fully packed week ahead of us. This week many news items, decisions, speeches, press conference and events could affect…
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…
Despite the weakening of the gold market during last year, the demand for gold in Asia mainly in China and India strengthened during 2013. But does Asia still play an important role in determining the price of gold? Also, is…