Week Ahead Commodity Report: Gold, Silver & Oil Price Forecast [Video]
|Gold prices steadied last week, crawling higher on Friday after touching a one-week low in the previous session, supported by expectations of monetary policy easing from leading central banks and an imminent interest rate cut.
Oil prices also inched up on Friday, ending the week higher as concerns over the safety of oil transport around the straight of Hormuz threathened supply.
Meanwhile hedge funds and money managers reduced their bullish stance in comex gold in the latest week and also cut their net long positions in U.S. Crude futures and options in the latest week.
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.