Gold and silver took another beating as the USD gained some more momentum over the rising chances of a rate hike by the FOMC and the collapse of the British Pound over Brexit woes. And this week the focus will…
The NFP report came close, but still a bit short, of market estimates. This report, however, didn’t provide any clarification about the Fed’s rate hike timing, if at all, any more than the FOMC meeting did in the preceding week.…
The prices of gold and silver changed direction and sharply fell during last week. Despite their fall, during the week they have zigzagged with an unclear trend. During last week, several reports were released during the week that could influence…
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 prices of gold and silver rallied during last week. The latest FOMC meeting ended with Bernanke keeping the monetary policy unchanged even though many had expected the Fed will start tapering its asset purchase program. As a result gold…
During the previous week, gold and silver prices plummeted. The upcoming FOMC meeting could stir up the precious metals markets especially if the Fed surprises and changes its monetary policy. The current expectations are that the Fed will start taper…
During last week, gold slightly fell while silver rallied. The market expectations for the next FOMC’s meeting keep gold and silver from forming a clear trend. Some analysts suspect the Fed will taper QE3 in September from $85 billion to…
Retails and foods services sales increased again in February 2012 compared with January 2012’s sales, and were also above the sales at February 2011. The U.S. Department of Commerce issued its monthly report on the change in the U.S. retail…
Retails and foods services sales slightly inclined in October compared to September 2011, and were 0.5% above the sales at October 2010. The U.S. Department of Commerce issued its monthly report on the change in the U.S. retail and food…
Retails and foods services sales didn’t change in August compared to July 2011, but were still by 7.2% above the sales at August 2010. The U.S. Department of Commerce issued its monthly report on the change in the U.S. retail…