Usman

The Yen depreciated against other major currencies, as a recovering global economy reduced the demand of safe-haven currencies such as the Yen and the Swiss Franc. The USD-JPY exchange rate rose by 0.0399 percent to 80.9155 Yen. Also, the strong economic news helped in appreciating the US Dollar against the Euro. The Euro-USD exchange rate…Read more

Gold and silver made advances because the risings level of interest in China, coupled with renewed fears about Greece defaulting on its external dept, have increased the demand for these precious metals as safe-havens. Silver future advanced by 1.47 percent to USD $ 39.05 an ounce. Gold futures increased by 0.40 percent to USD $…Read more

Oil futures rose yesterday, as concerns about the flooding of the Mississippi River forced oil futures to rise, in spite of signs that the Chinese economy was slowing down. WTI crude future increased by 0.16 percent to USD $ 104.05 a barrel. Brent crude future was at USD $ 117.63 a barrel. The flooding of…Read more

Silver futures advanced from their highest weekly drop since 1975 on account of Standard & Poor(S & P) revising Greece’s credit rating downwards. Silver futures rose by 1.72 percent to be at USD $ 37.755 an ounce. Meanwhile, gold futures advanced by 0.55 percent to USD $ 1511.50 an ounce. S&P cut Greece’s credit ratings…Read more

Crude oil futures declined at the end of trading yesterday, after surging to a three-day high on account of traders taking advantage of the price surge in order to gain profits. WTI crude futures fell by 1.37 percent to USD $ 101.15 a barrel. Brent crude futures declined by 1.22 percent to USD $ 114.49…Read more

Crude oil futures declined at the end of trading yesterday, after surging to a three-day high on account of traders taking advantage of the price surge in order to gain profits. WTI crude futures fell by 1.37 percent to USD $ 101.15 a barrel. Brent crude futures declined by 1.22 percent to USD $ 114.49…Read more

The Euro reversed its declines against the US Dollar which it had been experiencing for the past two days amidst signs that the currency does not appear to be weakening anytime soon. The Euro-USD exchange rose to USD $1.4408, increasing by 0.6416 percent. Last Friday, European Union officials agreed to review the terms of the…Read more

Silver futures regained after their worst weekly decline since 1975, while gold futures increased in value too. Silver futures rose by 2.43 percent to USD $ 36.145 an ounce. Gold futures rose by 0.83 percent to USD $ 1504 an ounce. The rebound in the commodities market was spurred by the idea that investors would…Read more

Oil futures rebounded in New York, after going for the biggest weekly slump in 2008. WTI crude futures increased by 1.85 percent to be priced at USD $ 98.98 a barrel, while Brent crude futures rose by 1.56 percent to USD $ 110.83 a barrel. Oil futures rose in New York after it became apparent…Read more

Silver futures declined further, as the increase in the margins required continues to influence investors in selling off the commodity. Silver futures declined by 2.63 percent to close the market at USD $ 35.287 an ounce. On the other hand, gold advanced by 0.69 percent to be at USD $ 1491.60 an ounce. The CME…Read more