Week Ahead Commodity Report: Gold, Silver & Crude Oil Price Forecast: 16 - 20 September 2019 (Video)
|Drones attacked 2 plants at the heart of Saudi Arabai's oil industry at the weekend, which includes the worlds biggest petroleum processing facility - traders now expect a spike in oil prices off the open.
Meanwhile hedge funds and money managers raised their net long U.S. crude futures and options positions in the latest week and reduced their net long positions in gold and silver contracts.
Market focus now turns to the Federal Reserve meeting and FOMC statement on Wednesday 18th September where the U.S. central bank is expected to cut interest rates by 0.25% for the 2nd consecutive time.
Where are commodity prices heading next? Watch Phil Carr at The Gold & Silver Club review Gold, Silver and Crude Oil with the latest price forecast and predictions:
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