Oil price (WTI) slipped again last week, while Brent oil rallied: WTI inched down by 0.80%; Brent oil sharply rose by 3.26%. As a result, the gap of Brent oil over WTI expanded: The premium ranged between $11.26 and $14.78…
The gold market remained stagnate as gold price remained nearly unchanged on a weekly scale. The price of silver, however, resumed its descent of recent weeks and tumbled down again during last week. In the forex market some currencies such…
The financial markets remained relatively calm last week: The prices of major commodities including gold and crude oil moved in an unclear trend. In the forex market, the Euro and Canadian dollar rallied against the USD, while the Aussie dollar…
The gold market remained stagnate and the price of gold didn’t form a trend during the past week. On the other hand, silver price continued its downward trend from previous weeks and tumbled down mainly during the first part of…
Natural gas continued to trade up during last week. Part of the rally could be attributed to the low storage buildup according to the EIA recent weekly update: the storage buildup was only 20Bcf. Despite the low injection, it was…
Following the sharp fall in the past several days, the prices of gold and silver recovered yesterday from their downward trend and sharply rose. Their recent recovery may have partly been related to Bernanke’s speech about the Fed’s future policy…