Major commodities changed direction and on the last day of the week many commodities rates rose. Perhaps the speculation over the next move of BOC after the disappointing GDP growth rate came out on Friday may have triggered this rally.…
Gold and silver, much like many other commodities, didn’t do much yesterday as both metals moved in different direction for the second consecutive day. The U.S jobless claims decline by 26 thousand to 350k. China’s GDP growth rate report for…
Natural gas prices didn’t rise in recent days as they did a couple of weeks back. The warmer than normal weather is keeping the demand for natural gas robust compare to last year. Nonetheless, the total demand slipped last week…
Major commodities didn’t do much yesterday: Crude oil prices including both WTI and Brent edged up on Thursday; gold declined again for the third consecutive day, while silver rose for the second straight day. Natural gas Henry Hub (August delivery)…
Gold price declined again for the second consecutive day. Silver, on the other hand edged up. The recent minutes of the June FOMC meeting didn’t provide any hints of possible implementations of QE program in the near future. Several FOMC…
Major commodities continue to zigzag: they changed direction again and after they had decreased on Tuesday, major commodities prices rose on Wednesday. Crude oil prices including both WTI and Brent bounced back on Wednesday. Gold and silver prices didn’t do…