Gold and silver bounced back on Friday following the release of the U.S. NF payroll report, which was slightly below expectations in terms of growth in number of jobs – 214K and not 230K as anticipated. Despite this rally, both…
Precious metals, much like other commodities, kicked off last week with a plunge in prices. As the week progressed, bullion prices remained relatively flat even after the ECB surprised the markets with a rate slash and promise of an ABS…
Most commodities tumbled down last week, while USD recovered against leading currencies mainly against the Euro after the recent ECB rate decision. This week, in the U.S several economic reports will be released including JOLTS, retail sales, consumer sentiment, and…
Gold changed direction and bounced back mainly on Wednesday, while silver dwindled on a weekly scale. Moreover, on a monthly scale gold is up by over 2% and silver is down by a similar rate (up to date). What is…
Oil prices came down again during the past week as the turmoil in Iraq seems to have little impact on the oil market. Last week, the WTI and Brent fell by 1.6% and 2%, respectively. The difference of Brent oil…
The bullion market rallied again for the second consecutive week. The surge in violence in parts of Iraq may have contributed to the rise in prices of not only oil but precious metals. This rally may have also been driven…
Oil price (WTI and Brent) declined during last week. WTI slipped by 0.8% and Brent oil by 0.9%. As a result, the gap of Brent oil over WTI didn’t change much: The premium ranged between $7.28 and $8.83. Last week,…