Week Ahead Commodity Report: Gold, Silver & Oil Price Forecast [Video]
|Hedge funds and money managers raised their bullish positions on U.S Crude in the latest week as oil prices surged on improved demand outlook after the U.S. delayed tariffs on Chinese goods.
Meanwhile funds and money managers trimmed their bullish bets on comex gold and cut net long positions in silver contracts in the latest week.
Gold last week notched its 3rd striaght weekly gain, holding above $1500, near 6-year highs as fears of a slowing global economy and lack of clarity on the US-China trade wars kept gold prices well supported.
Traders and investors focus now turns to next week's FOMC minutes and the Federal Reserve Annual Symposium at Jackson Hole.
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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