Gold and silver declined during last week. Will precious metals continue their downward trend this week? As I have indicated in the precious metals weekly outlook, the main events of the week will revolve around the next FOMC meeting that…
During the previous week, gold and silver prices decreased. Last week’s EU Summit didn’t ease the concerns of traders as Spain didn’t request a bailout. Several U.S reports may have contributed to the decline in gold and silver prices: the…
During last week, crude oil changed direction and traded down despite the deprecation of the USD against the Euro and Aussie dollar. The oil stockpiles declined again during last week by 2.6 M bl. During last week, WTI oil fell…
During last week, major commodities prices declined including oil, silver and gold. Several reports that may have affected forex and commodities prices: : the Philly Fed index rose again and turned positive fort he fist time since April; U.S jobless…
Precious metals prices resumed their downward trend as both metals declined during most of last week. The EU Summit did result in any big headlines as Spain did ask for a bailout. There were several reports published last week that…
Major commodities prices were traded down again on the last day of the week: WTI and Brent oil declined yesterday; the prices of silver and gold also fell on Friday; natural gas Henry Hub future (November delivery) rose again on…