Leading commodities markets heated up again in the past week as the prices of precious metals, natural gas and oil rallied. This week, the main event of the week will revolve around the upcoming FOMC meeting and press conference. Several…
During most of May the bullion market was in its early summer slumber, but by the end of the month both gold and silver took a dive and finished May in the red. The FOMC’s next move regarding its interest…
The gold and silver market cooled down along with the rest of the financial markets as precious metals didn’t do much on a monthly scale. Even the recent FOMC meeting, in which the Fed decided to taper again QE3 by…
As anticipated, the FOMC tapered again its asset purchase program, AKA QE3, from $55 billion a month to $45 billion a month. This is the fourth consecutive tapering decision, which first started back in the last FOMC meeting of 2013.…
Gold and silver moved sideways during the previous week only to slightly rise on a weekly scale. The economic reports that were released last week showed a modest slowdown in the U.S and may have contributed to the modest rise…
The recent FOMC meeting concluded with another tapering decision. This time, this decision had a lingering negative effect on the prices of gold and silver. But the recent mini-taper wasn’t the only issue on the table. The speculations around the…
Gold and silver changed direction and tumbled down during last week. The most notable event of last week was the decision of the newly appointed Chair of the Federal Reserve Janet Yellen to taper again the Fed’s QE3 program by…
As many had expected the FOMC decided to taper again its asset purchase program, AKA QE3, from $65 billion a month to $55 billion a month. This is the first major decision taken under new Chair Janet Yellen. This decision…
Oil prices (WTI and Brent) changed course and dropped during last week. WTI oil fell by 3.6%; Brent oil, by 0.40%. As a result, the difference of Brent oil over WTI widened: The premium ranged between $6.96 and $10.03. Last…
Leading energy commodities dropped, while precious metals rallied during the past week. The US dollar depreciated against leading currencies such as Euro and Japanese yen during last week. This week several reports, speeches and events will come to fruition including:…