Gold and silver prices sharply declined for the fourth consecutive business day. Yesterday both metals were traded down following the U.S jobless claims and sharply fell even below expectations. On the other hand the U.S non-manufacturing PMI dropped to 53.5.…
The U.S. labor force didn’t reach expectations and only slightly expanded during April: according to the recent U.S. employment report, which was published today, May 4th by the Bureau of Labor Statistics the number of non-farm employees rose by only…
Major commodities prices didn’t do well again and crude oil prices tumbled down during yesterdays trading. Natural gas future price bounced back and rose. Gold and silver prices also declined for the fourth consecutive business day. Finally, the Euro slipped…
Natural gas prices changed direction and sharply rose during recent days. Some attribute this recent rally to speculation over the upcoming higher than normal temperatures in the U.S that will raise consumption in natural gas. In the meantime, the natural…
Gold and silver prices decreased for the third consecutive business day. The recent news from Europe of the unemployment rising to 10.9% didn’t help the Euro. Today’s ECB rate decision might play a role in the foreign exchange and commodities…
In the recent petroleum and crude oil weekly report by the Energy Information Administration, petroleum and crude oil stockpiles rose during the previous week. Crude oil prices slightly rose but the Brent premium over WTI declined. On the other hand…