Gold prices are on the verge of registering a tenth consecutive quarterly increase, which is the longest increasing streak in three decades. Gold future for June delivery was at USD $ 1428.30 an ounce in NYMEX, registering an increase of 0.24 percent from its previous day’s price. The attractiveness of gold as a safe-haven was…Read more
Crude Oil Price Update. Libyan Crisis Negating Rising US Crude Stockpile Levels
Oil prices registered gains on Wednesday, the 30th of March 2011, as fears about the Libyan crisis prolonging for a long time overtook rising oil supplies in the US. WTI crude future rose by 0.35 percent to USD $ 104.63 a barrel, while Brent crude for May delivery rose by 0.33 percent to USD $…Read more
Gold Price Update.Decrease in Prices Due to Appreciation of Greenback and Increased Consumer Confidence
Gold prices fell on Monday, the 28th of March 2011. Gold future for April delivery fell by 0.4 percent at USD $ 1419.90 per ounce. Even though gold still remains attractive for investors to hedge their investments against the continuing unrest in the Middle East and the nuclear crisis in Japan, it did not gain…Read more
Crude Oil Price Update. Strengthening of Greenback and Advances by Libyan Rebels Causing Prices to Fall
Oil prices continued to fall on Monday, the 28th of March 2011. WTI for May delivery fell by 1.4 percent to settle at USD $ 103.98 a barrel, while Brent crude future fell by 0.7 percent to settle at USD $ 114.80 a barrel. The strengthening of the US dollar and Libyan rebel forces gaining…Read more
Gold and Silver Price Update. Steady Gold Prices
Gold prices remained steady on account of the ongoing crisis in Libya, the impending nuclear disaster in Japan, and hawkish comments from the US Federal Reserve which affected investors’ sentiments. Gold was priced at USD $ 1427.20 an ounce, slightly decreasing by 0.03 percent, but still maintaining its price near the USD $ 1420 level….Read more
Crude Oil Price Update. Price Resistance Levels Prevent Increases in Oil Prices.
Oil prices fell for a third consecutive day after being unable to overcome price resistance levels. WTI fell by 0.25 percent to USD $ 105.14 a barrel, while Brent fell by 0.10 percent to USD $ 115.48 a barrel. The fall in prices could also be attributed to fears about the sovereign debt of the…Read more
Gold and Silver Price Update. News About Good Economic Growth Leads Investors to Seek Riskier Investments
Gold and silver prices fell on Friday, the 25th of March 2011, following revelations about a positive response of the US Economy which led to investors seeking riskier investments. Spot gold was at USD $ 1427.60 an ounce, slightly decreasing by 0.61 percent from its price on Thursday. The news about the US economy…Read more
Crude Oil Price Update. Turbulent Week Ends With Oil Prices Steadying Down.
After a turbulent week, during which oil prices rocketed between highs and lows, the prices steadied down on Friday, the 25th of March 2011. Brent crude for May delivery rose by 20 cents to USD $ 115.92 a barrel, while WTI crude future was at USD $ 105.40 a barrel. During the week, oil prices…Read more
Gold and Silver Price Update. Bullish expectations about gold in the short-run.
Gold prices continued to escalate, following the civil war in Libya, the debt crisis in the European Union regarding Portugal and the aftermath of the earthquake and tsunami in Japan. Collectively, all of these factors are making investors have bullish expectations about gold in the coming days, viewing it as a perfect hedge against rising…Read more
Crude Oil Price Update. Weak US Economy Outlook Reducing Prices
Oil futures fell yesterday and traded at a two-day low. Crude for May delivery at NYMEX fell to USD $ 105.60 a barrel, falling by 15 cents. At the time of market closure, Brent was priced at USD $ 114.68 a barrel, WTI was at USD $ 105.60 a barrel, while West Texas Sour was…Read more