Commodity report: Gold Price Forecast: 20 August 2019 [Video]

Phil Carr The Gold & Silver Club

Gold rose back above $1,500 an ounce on Tuesday, rebounding from the previous day's sharp sell-off as investors switched focus to the minutes of the U.S. Federal Reserve's latest meeting, which will be closely watched for clues on further interest rate cuts.

The fundamental backdrop for gold remains very supportive, with the ongoing trade dispute between the United States and China and a potential interest rate cut from the Fed.

Among other precious metals, silver rose above the key $17 level, gaining nearly 1.7% to $17.13 per ounce.

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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