The price of natural gas changed direction again and rose during most of last week mainly in Thursday. The demand for natural gas in the residential/commercial and power sectors increased last week, while the supply slightly declined. Moreover, according to…
Gold and silver haven’t done much on Thursday. Their little movement coincided with the slow movement in the forex market. Bernanke’s testimony in Senate didn’t offer much additional insight as to the Fed’s future steps regarding tapering QE3. In the…
Gold and silver prices changed direction and declined on Wednesday. Their fall coincided with the appreciation of the US dollar against leading currencies including Euro and Canadian dollar. IN his testimony in front of Congress, Bernanke reminded that the Fed…
The financial markets didn’t experience high volatility during yesterday. Gold and silver markets also remained relatively poised as all eyes will be towards the upcoming testimony of Bernanke in the House. This testimony could have a strong effect on precious…
Gold and leading gold ETF SPDR Gold (NYSEMKT: GLD) have recently rallied, but they haven’t performed well during most of the year: During 2013, the price of gold declined by 23%; the price of GLD fell by 22.9%. Moreover, GLD’s…
Precious metals prices rallied on Monday and thus continued their general upward trend from last week. In the U.S, retail sales slightly increased again by 0.6% during June. This news may have slightly contributed to the rally of U.S equity…