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Gold and Silver Price Update – Spiraling US and European Debt Pushes Gold Above $ 1500
Gold topped USD $ 1500 an ounce, after increasing debt in the US and the European Union was the major reason which increased the precious metal’s demand during the week. Standard & Poor revised its outlook on its AAA rating for the US from “stable” to negative two days ago. Also, yields on two-year bonds [...]
Crude Oil Price Update – Prices Increase on Account of a Strengthening Economy
Oil prices rose for a second consecutive day on the strength of signs of the US economy improving. WTI crude future rose by 0.76 percent to register at USD $ 109.10 per barrel, while Brent future rose by 0.45 percent at USD $ 121.880 per barrel. Reports released by the US Commerce Department showed housing [...]
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 [...]
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 [...]
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 [...]
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 [...]
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 [...]
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 [...]
Gold and Silver Price Update. Continuing Advances in Gold for Tenth Consecutive Quarter.
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 [...]
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 $ [...]
