The price of United States Oil Fund (NYSEARCA:USO) continues to pick up and is currently trading at around $19 – this represents a 17.8% gain in the past month. Nonetheless, oil investors – who are in the oil market for…
During the past month, shares of Barrick Gold (NYSE:ABX) rose by over 11%, and the company’s stock is up by 15% for the year. This rally is mostly attributed to the recovery of gold prices in recent months. The company…
The bullion market cooled down in the past several days as both gold and silver slightly declined last week. ECB’s rate decision didn’t provide any major headlines, albeit the Euro resumed its rally. The ongoing fall in LT treasuries yields…
The U.S. dollar took another tumble against leading currencies such as Euro, Japanese yen and Aussie dollar. On this week’s agenda in the U.S: Durable goods, existing home sales, and jobless claims. In Europe: Euro group meetings, BOE rate decision,…
The Draghi drama was certainly upgraded this time. We talk about about all the implications of everything that happened and didn’t happen there. We then talk about earnings season and what we should and shouldn’t look out for, take a look…
Gold and silver started off last week strong only to come back down in the following days. The minutes of the FOMC took the back seat to the aftermath of the disappointing NFP report. The progress of the USD is…