Gold and Silver Price Update. Possible Bailout of Portugal and the Military Intervention in Libya

Gold is nearing record high price levels, following reports about a rise in Portugal’s sovereign debt and a possible bailout of the country by the European Union. In the Singapore market, immediate delivery of gold gained 0.2 percent and traded at USD $ 1439.53 an ounce, whereas the April-delivery contract in New York was at…Read moreRead more

Crude Oil Price Update- Fear Premium Main cause of Escalated price fears.

Oil prices peaked close to a 30-, month high in the market on Wednesday, as the US and other Western Allies continued bombing pro government forces in Libya. The market closed with Brent at USD $ 115.17 a barrel, WTI at USD $ 105.25 a barrel and West Texas, Sour Midlands at USD $ 101.50…Read moreRead more

Gold Price Update. Growing Demand for Gold Due to Inflationary fears

Gold prices remained high today, on the 22nd of March 2011, due to gold’s continuing appeal as a safe-haven in light of the growing unrest in the Middle East and concerns about a nuclear catastrophe erupting in Japan. Spot gold increased by 0.4 percent at USD $ 1430.45 an ounce. It is expected that in…Read moreRead more

Crude Oil Price Update. Libyan Crisis and Unrest in Bahrain the major causes of Escalated Prices.

Oil prices rallied on Monday, the 21st of March 2011 thanks to the Middle East and North Africa(MENA) Crisis. Benchmark WTI was priced at USD $ 102.33 a barrel at the time of market closure, whereas West Texas Sour, Midlands was at USD $ 98.08 a barrel. Air strikes by Western forces in order to…Read moreRead more

Crude oil and Gold Price Update-Air Strikes in Libya Increasing Prices

Oil prices increased by more than USD $ 2 today, after the Western military forces intensified their strikes on Libyan air force installments. Brent crude for May settlement rose by 2 percent to USD $ 116.22 a barrel, whereas US crude futures for April rose by USD $ 2.18 to USD $ 103.25 a barrel….Read moreRead more

Gold and Silver Price Update. Persisting Bullish Gold.

Gold prices registered a slight increase, in spite of the announcement of an immediate ceasefire by the Libyan government against the rebels. The persistent bullish behavior of gold can be attributed to a general lack of trust for the Libyan government’s declarations of the ceasefire. Several countries are wary of the fact that Muammar Qadhafi…Read moreRead more

Crude Oil Price Update. Announcement of Ceasefire in Libya Eases Oil Price.

Following the announcement of an immediate ceasefire by the Libyan government against the rebels in the country, oil prices fell on Friday, the 18th of March 2011. Brent oil dived immediately by USD $ 3, minutes after news about the ceasefire broke out. Brent crude for May delivery settled at USD $ 114.15 per barrel….Read moreRead more

Gold and Silver Price Update. Bullish Gold and Bearish Silver

Gold registered an increase in prices, as the worsening situation in the Middle East and the looming nuclear catastrophe in Japan pushed investors towards having bullish expectations about gold. Gold, 100 Troy Oz was priced at USD $ 1410.80 per troy ounce, increasing by 0.47%. American Eagle gold was priced at USD $ 1466.34 per…Read moreRead more

Crude Oil Price Update. Imposition of a No-Fly Zone Over Libya Resulting In A Increase in Price.

Oil prices rebounded on Thursday, the 17th of March 2011 after the United Nations (UN) passed a resolution calling for the imposition of a no-fly zone over Libya. At the time of market closure on Thursday, Brent was priced at USD $ 113.93 per barrel, WTI was at USD $ 101.42 per barrel, while West…Read moreRead more

Crude Oil Price Update. Uncertainty Leading to Emotional Trading-17th March 2011

Oil prices registered an increase on Wednesday, the 16th of March 2011, as a number of factors are causing fluctuations in the price. Brent crude closed at USD $ 110.43 per barrel, slightly rising from its price on Tuesday of USD $ 110.25 per barrel. WTI closed at USD $ 97.98 per barrel, while West…Read moreRead more