Oil price (WTI and Brent) changed course and tumbled down last week: WTI decreased by 6.34%; Brent oil, by 4.72%. As a result, the gap of Brent oil over WTI slightly widened: The premium ranged between $11.92 and $12.93. The…
Following the sharp drop in prices of bullion on Monday and Tuesday, precious metals changes direction and bounced back yesterday. Their rally was accompanied with the rise of the Euro against the USD. In Europe, ECB didn’t change policy and…
Gold and silver prices didn’t do much in the past couple of days and only slowly slid down after the publication of the FOMC statement following its meeting. The ECB left its policy unchanged as Draghi reiterated his pledge for…
Gold and silver prices continued to rise for the second consecutive business day after precious metals had plummeted in the past couple of weeks. Their rally was despite the news of the U.S manufacturing PMI report for June, in which…