The FOMC ended their last meeting of the year with the decision to taper QE3 by $10 billion. This means, the asset purchase program declined to $75 billion per month starting next month. The FOMC reduced $5 billion from each…
The prices of gold and silver changed direction and fell on Tuesday. Nonetheless, on a monthly scale both precious metals haven’t done much and only slightly declined. The upcoming FOMC statement and outlook are likely to affect the developments in…
The price of natural gas has rallied to its highest level since July 2011. United States Natural Gas (UNG) has also increased in the past several weeks. Based on the latest U.S Energy Information Administration report, last week’s withdrawal from…
The prices of gold and silver resumed their rally and rose again for the second consecutive day. This trend, however, might change direction if the Fed announces tomorrow the tapering of its asset purchase program. Today the FOMC starts its…
Oil price (WTI and Brent) changed direction and fell last week: WTI declined by 1.08%; Brent oil, by 2.49%. As a result, the gap of Brent oil over WTI contracted: The premium ranged between $10.87 and $13.96. Last week, the…
The prices of gold and silver moved in an unclear trend during the past week; the speculations around this week’s FOMC meeting keep the bullion market with high uncertainty. Some analysts guess tapering will be announced in next FOMC meeting:…