Commodity Report: Gold Price Forecast: 16 July 2019 [Video]

Phil Carr The Gold & Silver Club

Gold prices fell on Tuesday after better-than-expected U.S. retail sales data boosted the dollar.

The retail sales data came ahead of major central bank decisions, with the European Central Bank due on July 25 and the Fed expected to deliver a U.S. interest rate cut on July 31.

Meanwhile Platinum prices breached 2-month highs, up 2.4% to $854 per ounce, its highest since May 15.

Hedge funds and money managers cut their bullish stance in COMEX gold in the latest week

Where are commodity prices heading next? Watch Phil Carr at The Gold & Silver Club review Gold with the latest price forecast and predictions:

Author

Phil Carr

The Gold & Silver Club

Phil is the co-founder and Head of Trading at The Gold & Silver Club, an international Commodities Trading Firm specializing in Metals, Energies and Soft Commodities.

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