This week, several U.S economic reports will be published including non-farm payroll, manufacturing PMI, GDP Q2 first estimate, pending home sales, and jobless claims. The FOMC will convene again for the fifth time this year to decide of any changes…
Gold and silver slightly rose last week and thus rallied in the past four consecutive weeks. During last week, the U.S GDP growth rate was revised down to -2.9%. This news may have contributed to the recovery of precious metals…
The energy commodities markets cooled down during last week as oil and natural gas prices changed course and fell. Precious metals remained virtually unchanged. This week, in the U.S several economic reports will be published including non-farm payroll, manufacturing and…
The prices of gold and silver changed direction and plunged last week despite the modest depreciation of the U.S dollar against leading currencies. Will gold and silver resume their downward trend? For the week of June 2nd to 6th, the…
The oil market slightly eased down as oil prices (WTI and Brent) moderately declined during last week. WTI slipped by 1.6%; Brent oil declined by 1%. As a result, the gap of Brent oil over WTI slightly widened by the…
The commodities market cooled down, while U.S equities rally during the previous week. This week, in the U.S several economic reports will be released including non-farm payroll, non-manufacturing and manufacturing PMI, factory orders and jobless claims. In Europe, ECB rate…
The forex and commodities markets didn’t move in a clear direction last week but this is likely to changes in this fully packed week ahead of us. This week many news items, decisions, speeches, press conference and events could affect…
Gold and silver didn’t do much and only slightly rose during last week. The U.S continued to show signs of slow recovery as the last non-farm payroll report was an improvement from previous months but wasn’t much better than expected. 192k jobs…
The precious metals market cooled down again last week; energy commodities prices rallied; in the forex market the U.S dollar slightly appreciated against the Euro and Japanese yen and dropped against the Aussie dollar and Canadian dollar. This week many…
Gold and silver market moved in an unclear trend during last week. Their rally at the beginning of the week changed course and tumbled down at the end of the week following the U.S non-farm payroll report. The recent reports…