According to the recent petroleum and crude oil weekly update of the Energy Information Administration petroleum, crude oil stockpiles sharply rose by 6.3 million barrels. Crude oil prices also didn’t move much last week and edged up. In this week’s…
Gold and silver prices sharply rose for the second consecutive business day and thus cut the losses of both metals they have incurred during March. The big news from yesterday was Bernanke’s speech on the labor market, which rekindled the…
Gold and silver prices started off the week the same way they have ended last week – rising. The recent speech of Bernanke may have been among the factors to drive bullion prices up. Crude oil prices also trade up…
Bernanke gave a speech today titled: “Recent Developments in the Labor Market”; he referred to the current situation in the labor market and stated “despite the recent improvement, the job market remains far from normal”; this speech rekindled the speculation…
Gold and silver prices bounced back on the last day of the week, but didn’t do much during last week when examining their performance on a weekly scale. Currently gold and silver are trading rising. Today, U.S. pending home sales…
Following the rally of gold and silver prices during January, the sentiment has changes vis-à-vis gold and silver as both of their prices have slowed down and didn’t perform well during the last couple of months; furthermore, gold and silver…