The prices of precious metals changed direction and bounced back yesterday. This rally coincided with the recent rally of risk related currencies such the Euro, Aussie dollar and Canadian dollar against USD. Today, the FOMC will conclude its two day…
The bureau of economic analysis came out today January 30th with its first estimate of the growth rate of the U.S. Gross Domestic Product for the fourth quarter of 2012. According to the latest update, U.S output of goods and…
Major commodities traded mostly up on the second business day of the week: the price of Brent oil and WTI oil rose yesterday; natural gas Henry Hub future (short term delivery), on the other hand, fell again yesterday; the prices…
The prices of gold and silver declined yesterday. This decline continued last week‘s downward trend. The decline of precious metals coincided with the fall of several currencies including the Euro Aussie dollar and Canadian dollar against USD. Will gold and…
Major commodities traded in a mixed trend on the first business day of the week: the price of Brent oil and WTI oil slightly declined yesterday; natural gas Henry Hub future (short term delivery), on the other hand, plunged yesterday;…
The prices of gold and silver changed direction and fell during last week. The decline of precious metals coincided with the appreciation of the USD against several currencies including the Aussie dollar, Canadian dollar and Japanese yen. Will gold and…