Oil prices (WTI and Brent) bounced back last week. WTI and Brent oil rose by 2.6% and 0.6%, respectively. As a result, the difference of Brent oil over WTI narrowed again: The premium ranged between $3.6 and $5.4. Last week,…
The gold and silver market rallied again during last week. The bullion market’s recovery was partly due to the recent depreciation of the U.S dollar against leading currencies. The minutes of the March FOMC meeting were released and opened the…
The precious metals market reheated as the prices of gold and silver bounced back form their recent descent. The government shutdown ended with a short term solution as the budget talks will continue with a revised deadline of the middle…
The price of oil (WTI) changed direction and declined during last week: WTI fell by 1.75%; Brent oil, however, rose again by 1.66%. As a result, the gap of Brent oil over WTI expanded: The premium ranged between $6.65 and…
During last week, gold and silver changed direction and rallied along with other commodities prices. Their rally coincided with the depreciation of the US dollar against currencies such as Euro and Japanese yen. The recent publication of the minutes of…
The GDP of China rose in the third quarter by 2.3% (Q-2-Q), which is nearly 9.1% in annual terms. This is a drop in the growth rate from the previous quarter as the GDP grew by 9.7% and 9.5% in…