March 2011

Gold and silver prices registered a fall on Monday, the 15th of March 2011 as profit taking weighed on gold. There was an increased amount of gold selling from Japanese investors wanting to raise cash to deal with the aftermath of the earthquake in the country. The selling was also being attributed to fears about…Read more

Oil prices fell sharply on Tuesday, the 15th of March 2011, following fears about a looming nuclear catastrophe in Japan. Brent crude for April delivery was at USD $ 108.52 a barrel, falling by 4.5 percent, which is its biggest percentage drop since February 4, 2010. Brent’s spot price closed at USD $ 110.25 a…Read more

Gold prices moved upwards, benefitting from an increased safe-haven demand for gold due to uncertainty regarding the impact of the earthquake and tsunami in Japan on the domestic and international market. The most active gold contract for April delivery rose by 0.2 percent to USD $ 1424.9 per ounce, while American Eagle Gold was at…Read more

Oil prices registered an upward hike on Monday, the 14th of March 2011. At the market closure, Brent was priced at USD $ 112.44 a barrel, WTI was at USD $ 101.19 a barrel, while West Texas Sour, Midlands was at USD $ 96.94 a barrel. This increase was being credited to the prevailing unrest…Read more

Oil prices crossed at two-year high on Monday, the 7th of March 2011, following the worsening of the conflict in Libya between the rebels and Muammar Qadhafi. One of Mr. Qadhafi’s sons, Saadi, declared that the embattled leader has not deployed the army in full force against the rebels, saying it to shield Libya against…Read more

Oil prices crossed at two-year high on Monday, the 7th of March 2011, following the worsening of the conflict in Libya between the rebels and Muammar Qadhafi. One of Mr. Qadhafi’s sons, Saadi, declared that the embattled leader has not deployed the army in full force against the rebels, saying it to shield Libya against…Read more

On Monday, the 28th of February, crude oil prices slightly rose after the shutdown of the majority of oil refineries in Libya, and amidst fears that the unrest in the Middle East could spread to Saudi Arabia. However, they eventually eased by the end of the day after the Saudi state oil company Amarco announced…Read more

Gold and silver prices steadied a bit on Friday, the 11th of March 2011, since investors were still bullish about gold following the earthquake in Japan. American Eagle troy gold closed at USD $ 1486.51 an ounce, up from its price on Thursday of USD $ 1477.11 an ounce. On the other hand, silver price…Read more

Oil prices fell on Friday, the 11th of March, following a devastating 8.9 earthquake and tsunami which hit Japan, Friday afternoon in Northeast Asia. Japan is the third largest oil consumer in the world, and the devastating earthquake resulted in the shutting down of oil refineries and other industrial facilities in the country, leading to…Read more

Oil Prices headed for a first weekly loss in four weeks on Thursday, the 10th of March 2011. At the time of market closure, Brent was at USD $ 113.46 a barrel, down from its previous day price of USD $ 114.93. WTI was at USD $ 102.70 a barrel, down from Wednesday’s price of…Read more