Gold and silver didn’t do much on the first day of the week as both precious metals edged down. The U.S retails sales report for June came out yesterday and showed a slight decrease of 0.5% (M-OM). Currently gold and…
The Bureau of Labor Statistics published today the latest report of the U.S CPI for June 2012. According to the publication the consumer price index remained unchanged but in annual terms the US CPI rose by 1.7%. The consumer price…
Major commodities didn’t do much during the first day of the week. Crude oil prices including both WTI and Brent continued their rally on Monday; gold and silver rates changed direction and after they had increased on Friday, on Monday…
Retails and foods services sales edged down again in June 2012 compared with May’s sales, but were above the sales at June 2011. The U.S. Department of Commerce published its monthly report on the developments in the U.S. retail and…
Gold and silver bounced back on the last day of last week but this rally might not last long. According to the recent Chinese GDP report for Q2, China expanded by only 7.6 in annual terms. There are many items…
Last week gold and silver prices bounced back on the second week of July after they had declined during the first week of the month. The minutes of the FOMC meeting came out but didn’t show any hints of a…