According to the recent July report by the Organization of the Petroleum Exporting Countries in regards to the recent developments in the crude oil market, the OPEC oil production slightly declined during June compared with May’s oil production levels. OPEC’s…
Gold and silver prices started off the week rising but will this rally continue today? Currently gold and silver are slightly falling. The recent news from China is that its demand for gold will only grow by 13% to 870…
Major commodities bounced back from their sharp fall on Friday as many of them rose on Monday. Crude oil prices including both WTI and Brent rallied on Monday. Gold and silver prices also sharply increased yesterday. Natural gas Henry Hub…
The price of gold increased very rapidly in the last few years. Many bullion traders bet that gold will continue to rise in the years to follow and thus maintain their long position. In light of the recent developments in…
Gold and silver prices tumbled down during the last couple of days of last week: the ECB rate cut decision and the disappointing U.S employment report may have been among the key factors dragging down bullion rates. Will this downward…
Last week gold and silver prices didn’t do much at the first few days of the week but after the Fourth of July Vacation precious metals tumbled down. This decline was mostly likely due to the ECB rate reduction from…