Yesterday, the Federal Open Market Committee convened to decide on the Fed’s monetary policy and US interest rate. As expected the FOMC decided to keep the US interest rate unchanged at 0% to 0.25%. In the meeting there were no…
Gold & Silver Prices – Daily Outlook August 9
The stock markets took a plunge yesterday over the decision of the rating agency Standard and Poor’s to downgrade the US credit rating; Wall Street is currently showing some signs of recovery as a correction to yestreday’s falls. President Obama’s…
Gold reached new highs | oil sharply fell –August 8
Gold and silver prices changed direction from the end of last week and the concerns over the stability in the US affected them; gold price reached new record high as it passed the $1,700 mark; crude oil prices have resumed…
Oil prices Monthly outlook – August 2011
Crude oil prices started off July with sharp rises, but afterwards stabilized and ended the month with moderate falls. The same can’t be said for August that started with very sharp falls. Will this trend continue throughout August? I will…
Gold & Silver Prices – Daily Outlook August 8
All eyes are towards Wall Street over the markets’ reaction to the weekend news of Standard and Poor’s downgrading the US credit rating; ECB signaled yesterday it will purchase Italian and Spanish bonds in an attempt to cool down the markets. Today,…
Oil Prices – Daily Outlook August 8
There are still concerns over the markets’ reaction to the news that came over the weekend of Standard and Poor’s downgrading the US credit rating; currently the markets in the US demonstrate falls (as expected). In Europe, ECB is likely to…