Major commodities changed direction again and yesterday most of the commodities prices declined. The major announcement came yesterday as the FOMC decided to purchase additional long term securities at $400 billion by the end of June 2012. Gold price slightly…
Crude oil prices declined yesterday and currently they continue to trade sharply down. The FOMC announcement to purchase $400 billion LT securities didn’t receive a warm reaction in the financial markets as the US stock markets sharply fell. The USD…
In the recent Energy Information Administration petroleum report there is an analysis of the recent sanctions on Syria and its effect on the oil market. According to the EIA the disruption in Syria’s oil output won’t have a strong impact…
Gold and silver prices continue to zigzag as they have bounced back yesterday from Monday’s falls. During September gold price changed direction eleven times (on a daily scale) out of the past 13 business days. The FOMC meeting started yesterday…
Crude oil prices changed direction and slightly inclined yesterday. The depreciation of USD against major currencies such as Euro, AUD and CAD might be among the factors that affected oil prices to trade up yesterday. Today, the EIA oil stockpiles…
Major commodities rebounded from the sharp falls they have endured on Monday and ended yesterday with moderate rises. Gold and silver prices rose but are still below their initial level from the beginning of September; crude oil prices changed direction…