Oil price (WTI and Brent) rallied again during last week. WTI oil and Brent oil rose by 2.41% and 0.77%, respectively. As a result, the gap of Brent oil over WTI narrowed: The premium ranged between $12.69 and $10.26. Last…
The forex and commodities markets demonstrated high volatility during the past week This week several reports will be released and may affect commodities, equities and forex markets; these include: FOMC meeting, U.S new and pending home sales, U.S GDP for…
Gold and silver changed direction and after they had declined in the first two days of the week, they have changed direction yesterday and rallied. Their recent recovery, however, might not last long and could continue to be part of…
The gold and silver market remained nearly flat again as gold and silver prices slightly rose after they had declined a day earlier. But today and tomorrow precious metals and forex market could start to pick up especially if the…
The prices of gold and silver changed direction and tumbled down last week. Their recent plunge coincided with the appreciation of the US dollar against the Euro and Aussie dollar. The FOMC meeting didn’t offer any new headlines, but some…
Last week, the FOMC meeting may have rekindled the speculations of tapering QE3 in December. The market reaction soon followed as the USD rallied and precious metals prices tumbled down. Looking forward, will the US dollar continue to rally? This…
Oil prices (WTI and Brent) continued to fall during last week: WTI decreased by 3.31%; Brent oil, by 0.95%. As a result, the gap of Brent oil over WTI further widened: The premium ranged between $10.81 and $13.09. Last week,…
Can someone say one more time tapering or Fed? The anticlimax from the FOMC’s meeting two weeks ago rendered the precious metals market moving in an unclear direction. The high expectations from the Fed to announce a shift in policy…
Despite the high volatility in the commodities markets, gold and silver didn’t do much on a weekly scale as both precious metals rallied; on the other hand, oil and natural gas changed direction and fell during last week. The highly…
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…