After a few days in which both gold and silver prices didn’t do much, they have bounced back and sharply rose on Thursday. Their rally coincided with the recovery of leading risk related currencies against the US dollar such as…
Gold and silver prices didn’t do much yesterday as gold slightly rose while silver inched down. In the currencies markets the British pound rallied against the USD following the latest speech of BOE Governor Carney. Moreover, many other currencies also…
The prices of gold and silver bounced back during last month after they had tumbled down in the preceding months. Looking forward, will gold and silver continue to rally? Let’s examine the upcoming news and developments that may affect gold…
As many had anticipated, RBA cut its interest rate by 0.25 pp to 2.5%. This decision was expected so didn’t strongly affect the Aussie dollar yesterday. Nonetheless, gold and silver continued their downward trend and fell again. Will gold and…
Is the coal industry slowly making a comeback? Several coal companies such as Peabody Energy (NYSE:BTU) and CONSOL Energy (NYSE:CNX) have rallied in recent weeks: Shares of Peabody increased by 10% during the past month; CONSOL’s stock rose by 16.8%. Despite…
During the past month, petroleum refining companies have rallied: Shares of Valero Energy (NYSE:VLO) rose by nearly 3.8%. Based on the latest development in the oil market including the sharp rise in oil price, will shares of leading refining companies…