Week Ahead Commodity Report: Gold, Silver & Oil Price Forecast [Video]
|Gold last week surpassed $1450 for the first time since May 2013 and silver rose to $16.57 per ounce its highest since June 25, 2018.
The surge in precious metals fuelled by comments from the New York Fed President John Williams boosting expectations of an even deeper rate cut that sent the dollar to a 2-week low.
Silver rose 8% last week, its best week in 3-years whilst Platinum surged to 2-month highs trading at $864 per ounce.
Oil prices gained on Friday trading above $56 per barrel after Iran's revolutionary guard said they had captured a Brittish flagged oil tanker in the gulf.
Meanwhile Hedge funds and money managers rasied their bullish stance in Comex gold in the latest week and increased their net long positions on US Crude Oil.
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:
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.