Precious metals prices changed direction again for the third consecutive day. Yesterday gold and silver prices ended the day falling. Currently gold and silver prices are moderately rising. These are many news items and decisions on today’s agenda including: ECB…
The market didn’t do much during yesterday trading as WTI oil price slightly rose and Brent oil moderately declined; gold and silver prices continued to zigzag as they have been during this week; yesterday they have changed direction again and…
The market has changed direction again as major commodities and currencies rallied from Monday’s falls. Gold and silver prices started off the day falling but soon after they had changed direction and finished the day in the green. The positive…
According to this week’s Energy Information Administration petroleum report crude oil stockpiles rose during last week by 3.8 million barrels; crude oil prices slightly fell. The report also refers to the heating oil bills for this season; the EIA report…
Energy commodities prices and precious metals prices changed direction and rose during Tuesday’s trading: gold and silver prices sharply rose; crude oil was also traded up. The Euro and major other currencies sharply appreciated against the U.S dollar. Here is…
I have already referred to the relation between the expansion of U.S. Monetary base and the development of gold price. As the U.S. Monetary base expands, the price of gold tends to rise as well. Can we use this relation…