Major commodities were traded in a mixed trend on the second business day of the week: Brent oil slightly rose while WTI oil slipped on Tuesday; natural gas Henry Hub future (short term delivery) sharply increased again yesterday; silver and…
The bullion market has changed direction and rallied on the first day of the week after gold and silver rate plummeted last week. Will gold and silver continue to rally? The minutes of the recent RBA monetary meeting came out…
Gold and silver prices tumbled down again during last week. Will gold and silver continue to trade down this week? As I have stated in the recent precious metals weekly outlook, several publications, events and speeches will take place during…
Gold and silver continued to trade down during last week. Their sharp fall coincided with the depreciation of leading “risk related currencies” such as Euro and Aussie dollar against the USD. Moreover, the ongoing rally of U.S equity markets is…
During the previous weeks the leading “risk related currencies” such as Euro and Aussie dollar tumble down against the USD; commodities prices including gold, silver and oil fell while equity markets rallied. This upcoming week the market volatility might pick…
The rates of crude oil (both WTI and Brent) remained virtually unchanged during last week: WTI inched down by 0.02%; Brent oil slipped by 0.18%. As a result, the difference between the Brent oil and WTI remained nearly flat; the…