Major commodities prices changed direction and mostly declined throughout yesterday. Crude oil price declined by nearly 1%; natural gas future price also changed direction and plummeted; gold and silver prices also decreased for the third consecutive business day. Finally, the…
Gold and silver prices slightly declined on Tuesday. The news of the rate reduction of RBA adversely affected the Aussie dollar. The U.S manufacturing PMI increased to 54.8, an increase of 1.4 from March’s reading. China’s manufacturing PMI didn’t reach…
The main energy Commodities prices sharply rose yesterday following the improvement in the manufacturing sector in the U.S according to the recent U.S PMI report. On the other hand gold and silver prices slightly decreased. Finally, the Euro edged down…
Yesterday the U.S. Manufacturing ISM report was released; according to the recent report, the U.S. Manufacturing PMI growth rate increased to 54.8% during April 2012. The U.S. Manufacturing PMI is an index that estimates the economic progress of the U.S.…
Gold and silver prices continued to dwindle yesterday: both metals prices slightly declined on the last day of the month. Earlier today the RBA announced it will cut its interest rate by 0.5 percent point to 3.75%. This rate reduction…
Commodities market didn’t perform well on the last day of the month as gold and silver prices decreased. Crude oil prices changed direction and edged down on April 30th after they had increased for four consecutive days. On the other…