Commodity report: Gold Price Forecast: 20 August 2019 [Video]
|Gold rose back above $1,500 an ounce on Tuesday, rebounding from the previous day's sharp sell-off as investors switched focus to the minutes of the U.S. Federal Reserve's latest meeting, which will be closely watched for clues on further interest rate cuts.
The fundamental backdrop for gold remains very supportive, with the ongoing trade dispute between the United States and China and a potential interest rate cut from the Fed.
Among other precious metals, silver rose above the key $17 level, gaining nearly 1.7% to $17.13 per ounce.
Where are commodity prices heading next? Watch Phil Carr at The Gold & Silver Club review Gold with the latest price forecast and predictions:
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.