Gold and Silver Price Update – Inflation concerns advancing prices

Gold prices advanced by 0.57 percent to register at USD $ 1463.90 an ounce, as rising inflation concerns continued to increase the precious metal’s attractiveness. Gold is expected to increase in its price due to an increased buying from Asian countries, since inflation concerns and a lack of alternate investments is driving investors towards the…Read moreRead more

Crude Oil Price Update – Increase in Price as US Stockpiles Register Record Decrease

Oil prices rose for a second consecutive yesterday, with WTI closing in at USD $ 107.46 a barrel, increasing by 0.33 percent. Brent future was priced at USD $ 122.89 a barrel, registering a price hike of 0.01 percent. The US Energy Department released reports stating that crude oil stockpiles fell by 7 million barrels…Read moreRead more

Gold and Silver Price Update – Inflation concerns advancing prices

Gold prices climbed to a record while silver prices gained for a ninth consecutive day, as inflation concerns made investors rush towards the precious metal commodities. Gold future was trading at USD $ 1474.20 an ounce, registering a change of 0.01 percent. Silver future was at USD $ 41.580, registering a huge increase of 2.39…Read moreRead more

Crude Oil Price Update – Prices Fall amidst Hope of a Ceasefire in Libya

Oil prices fell in the Asian market on Monday, after a delegation of the African Union travelled to Libya with the aim of brokering a peace deal between Muammar Qadhafi and the rebels. Brent crude for May delivery was priced at USD $ 126.10, registering a decrease of 0.43 percent, while WTI crude future was…Read moreRead more

Gold and Silver Price Update – Inflation concerns driving price of precious metals upwards

Gold prices are heading towards the biggest weekly gain of the year. Immediate delivery gold was priced at USD $ 1466.80 an ounce, registering a change of 0.51 percent. Concerns about rising inflation, and the situation in Libya and Japan were the factors contributing to gold’s price gains. Inflation concerns was the major factor contributing…Read moreRead more

Crude Oil Price Update – Libyan Crisis Moving Oil Price Towards $130 a barrel mark

Oil prices headed for a third straight weekly gain on Thursday, the 7th of April 2011, as unrest in the Middle East was the major factor driving supply fears and oil prices upwards. Brent Crude Future rose by 0.58 percent to register at USD $ 123.380 a barrel, while WTI future was trading at USD…Read moreRead more