The prices of gold and silver continued to trade up for the second consecutive business days. Their recent rally coincided with the recovery of the Euro and other “risk currencies” such as the Aussie dollar and Canadian dollar. U.S housing…
Today, the tenth survey of 2012 for the Philly Fed Manufacturing Index for October came out. This survey estimates the U.S. manufacturing conditions. According to the latest survey the conditions have improved again. Further, the index turned positive for the…
Major commodities prices were traded in a mixed trend again on the third day of the week: WTI oil edged up again while Brent oil declined yesterday; the price of silver and gold rose again on Wednesday; natural gas Henry…
The prices of gold and silver changed direction and bounced back from their recent downward trend. Their recent rise coincided with the rally of the Euro and other “risk currencies”. The U.S CPI rose by 0.6% during September. The core…
According to the latest U.S. Census Bureau report regarding the new residential construction statistics for September 2012, the annual rate of housing starts and rate of building permits increased. This report sends a mixed signal as to the developments in…
Despite the highly anticipated decision of the FOMC to start its third quantitative easing program, the price of gold hasn’t performed well during recent weeks. The ongoing debt crisis in Europe hasn’t helped precious metal prices. There are some concerns…