Gold and silver continued to zigzag throughout last week, but their jump on Wednesday was enough to maintain their weekly prices elevated. The recent depreciation of the US dollar against leading currencies including Japanese yen and Euro may have contributed…
The prices of gold and silver moved in an unclear trend during last week. Their prices started off strong at the beginning of the week only to change course and plunge at the end of the week. Several U.S reports…
Gold and silver market continues to slowly recover as their prices rose again during last week. The economic slowdown in the U.S economy may have contributed to the rally of precious metals: retail sales declined by 0.4% during January; industrial…
Oil price (WTI and Brent) rose again during last week. WTI oil rose by 2.5%; Brent oil, by 3%. As a result, the gap of Brent oil over WTI widen: The premium ranged between $8.59and $9.69. Last week, the EIA’s…
Gold and silver recovered last week following the news of the slow progress of the U.S economy: Nonfarm payroll employment rose by only 113k jobs; the manufacturing PMI decreased by 5.2 percentage points to 51.3 – this means the manufacturing…
The gold and silver market didn’t weak up during the past week and only slightly rallied on a weekly scale. The main event of the month – the upcoming FOMC meeting at the end of January – could stir up…
Oil price (WTI) decreased by 1.32% during last week. Conversely, the price of Brent oil edged up by 0.34%. As a result, the gap of Brent oil over WTI widened: The premium ranged between $13.30 and $14.73. Last week, the…
Oil price (WTI and Brent) changed direction and rose last week: WTI spiked by 5.32%; Brent oil, by 1.75%. As a result, the gap of Brent oil over WTI contracted: The premium ranged between $13.6 and $17.63. Last week, the…
The commodities markets shifted gear as energy commodities such as oil and natural gas rallied, while precious metals such as gold and silver tumbled down. The U.S reports that were published last week including GDP, NF payroll, manufacturing PMI, and…
Oil price (WTI) slipped again last week, while Brent oil rallied: WTI inched down by 0.80%; Brent oil sharply rose by 3.26%. As a result, the gap of Brent oil over WTI expanded: The premium ranged between $11.26 and $14.78…