The precious metals market reheated as the prices of gold and silver rallied again for the second consecutive week. Their recent rise coincided with the ongoing depreciation of the USD against the Euro and Japanese yen. The main news item…
The prices of gold and silver bounced back and spiked during last week. The U.S government shutdown ended with a short-term solution; the budget talks will continue with a revised deadline of January 15th; the debt ceiling was also pushed…
The price of oil (WTI and Brent) continued to fall during last week: WTI decreased by 1.19%; Brent oil, by 1.20%. As a result, the gap of Brent oil over WTI remained nearly unchanged: The premium ranged between $8.63 and…
The U.S government is open for business but the big question remains for how long as the deadline on the budget talks and debt ceiling were pushed forward to mid January and early February, respectively. Until then, the reopening of…
The prices of gold and silver didn’t do much during the past week: The price of gold inched up by 0.06%, while silver slipped by 1.1%. This brings the past three weeks’ rally of both gold and silver to a…
During last week, gold and silver rose again. Their ongoing recovery resulted in gold reaching its highest level since early June; silver is at its highest since early May. Despite the recent rally of gold and silver, their recovery didn’t…
Oil prices (WTI and Brent) didn’t do much last week: WTI inched down by 0.12%; Brent oil fell by 0.97%. As a result, the premium of Brent oil over WTI slightly expanded again; the premium ranged between $2.80 and $5.96.…
During the previous week, gold and silver spiked. Due to last week’s rally silver price reached its highest level since mid-May. The price of gold is at its highest since the end of June. The recent rally may have stemmed,…
During last week, gold and silver traded up. Nonetheless, most of their gain came on Monday. During the rest of the week, both metals had an unclear trend. Their recent rally coincided with the ongoing depreciation of the US dollar…
During last week, gold and silver didn’t do much. Their rally coincided with the depreciation of the US dollar against currencies such as Euro and Japanese yen. Bernanke’s testimony reminded that the Fed won’t taper QE3 until the U.S economy…