The prices of gold and silver didn’t do much last week as they edged up on a weekly scale. But September is starting off with rate decision by ECB, BOE, BOC, RBA and BOJ. The main event will be the…
Gold and Silver Forecast for September 1-5
Tag: U.S Labor report
Oil Weekly Outlook for December 2-6
Oil price (WTI and Brent) slipped last week: WTI declined by 2.24%; Brent oil, by 1.22%. As a result, the gap of Brent oil over WTI widened again: The premium ranged between $19.01 and $16.91 – the highest range in…
Gold And Silver | Recap for October 21-25
The precious metals market reheated as the prices of gold and silver rallied again for the second consecutive week. Their recent rise coincided with the ongoing depreciation of the USD against the Euro and Japanese yen. The main news item…
U.S Labor report and its effect on crude oil price & spot gold price
Last week the Bureau of Labor Statistics published the U.S. employment situation report for the month of December 2010. The report shows an improvement in the labor stats in the U.S. as the unemployment rate fell by 0.4 percent point…