Gold and silver fell again for the second consecutive day. Their recent descent coincided with the fall of other leading risk currencies against the USD. In the U.S, jobless claims weekly update showed a decline of 6k in initial claims…
The prices of silver and gold changed direction and slipped on Wednesday. Their recent decline coincided with the changes in the forex markets. The recent developments in the Middle East including Syria and Egypt may have contributed to the strengthening…
Major commodities including gold, silver and natural gas rallied again during last week. Equities markets also made a bit of comeback as major indexes including the S&P500 rose. In the forex market, however, there was a mixed trend as the…
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.…
Major commodities including gold, silver, oil and natural gas traded down during last week; their fall coincided with the tumble of equity markets and leading currencies such as Euro and Japanese yen against the USD. Last week’s Fed decision and…
The U.S. Bureau of Economic Analysis reported that the U.S. GDP annual growth rate rose by 1.8% in annual terms during the first quarter of 2011. This is an early estimate of the growth rate that might change in the…