The prices of gold and silver continued last week their downward trend. Will this downward trend progress this week? The U.S manufacturing PMI edged up during October to reach 51.7%; jobless claims decreased by 9k to reach 363k. These reports…
During the previous week, crude oil continued their descent, which coincided with the modest appreciation of the USD against the Euro and Aussie dollar. The oil stockpiles changed remained nearly unchanged. During last week, WTI oil declined by 1.65%; Brent…
The price of gold rose during the third quarter of 2012. It’s very intuitive to assume that the rise in price of gold will pull up the profit margin of major gold producers. Let’s examine the recent financial results (third…
During last week, major commodities prices tumbled down; this includes oil, silver and gold. The U.S non-farm employment increased 171k jobs in October. This report, however, had a negative effect on commodities prices on Friday. Last week, several other reports…
Precious metals rates resumed their downward trend during last week. Their sharpest decline came on Friday following the publication of the U.S non-farm payroll report, in which 171k jobs were added during October. This positive report slightly eased the concerns…
Crude oil prices decreased again during most of week. The recent positive news of the rise in U.S employment during October seems to have had an unexpected negative effect on oil prices. The difference between Brent and WTI declined during…