Week Ahead Commodity Report: Gold, Silver & Oil Price Forecast [Video]
|Gold prices hit a 6-year high on Friday, surpassing $1400 per ounce, posting the biggest weekly gain since April 2016.
As the dovishness of the Fed and geopolitcal tensions in the Middle East gave strong support to the yellow metal.
Meanwhile WTI Crude Oil surged 10% last week and Brent gained 5% on fears the United States could attack Iran and disrupt flows from the Middle East which provides more than a fifth of the Worlds oil output.
Hedge funds and money managers boosted their bullish wagers in gold in the latest week, switched to a net long in silver futures and raised bullish wagers on U.S. Crude Oil in the latest week.
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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