Based on the recent producer price index monthly update, which was published yesterday, the PPI for finished goods changed course and rose by 0.2% in January compared with December’s index. This report serves as an indicator for the developments in…
The prices of gold and silver continued to decline yesterday. Currently gold and silver are tumbling down. Some consider the news of the minutes of the FOMC meeting may have contributed to the sharp fall in precious metals prices. On today’s agenda:…
Many commodities traded in a mixed trend again on the first business day of the week: the price of Brent oil declined while WTI oil rose on Tuesday; natural gas Henry Hub future (short term delivery) changed direction and spiked…
According to the latest U.S. Census Bureau report regarding the new residential construction statistics for January 2013, the annual rate of housing starts declined while rate of building permits edged up. This report sends a mixed signal as to the…
The rates of silver and gold declined during last week. The CME market was closed yesterday on account of the U.S holiday. Will gold and silver resume their downward trend? Currently gold and silver are edging up. The minutes of…
Shares of BP plc (NYSE:BP) haven’t perform well during the year. The 2010 oil spill kept the company’s stock from rising. The negative PR the company endured also didn’t help BP’s stock to recover. Is this company out of woods? Has…