Week Ahead Commodity Report: Gold, Silver & Crude Oil Price Forecast (Video)

Phil Carr The Gold & Silver Club

Gold prices declined more than 1% on Friday as the dollar firmed ahead of next weeks FOMC statment. Meanwhile Oil prices gained in seesaw trading session on Friday, a day after U.S. President Donald Trump blasted the cartel for oil prices being too high. Hedge funds have now trimmed their bullish bets on U.S. crude to the lowest in a month as trade tensions between the United States and China continued to escalate, raising concerns about oil demand.

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:

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.

EUR/USD struggles to build on recent rebound, holds above 1.1550

EUR/USD trades marginally lower on the day but manages to hold above 1.1550 in the American session, following Thursday's rebound. The pair edges down as the US Dollar rebounds slightly as investors cling to a cautious stance amid mixed headlines surrounding the conflict in the Middle East.

GBP/USD retreats below 1.3400 as USD recovers

GBP/USD stays under modest bearish pressure and trades slightly below 1.3400 in the second half of the day on Friday. The renewed USD strength doesn't allow the pair to gain traction as investors adopt a cautious stance while awaiting headlines surrounding the US-Iran war.

Gold retreats from session-high, tests $4,200

After rising more than 3% on Thursday, Gold (XAU/USD) continued to edge higher but failed to gather momentum on Friday, returning to $4,200 region in the American session. The US Dollar rebounds following the recent selloff as investors remain sceptical about a resolution in the Middle East conflict, capping XAU/USD's upside.

Crypto Today: Bitcoin, Ethereum, XRP recovery slows amid incessant capital outflows

The cryptocurrency remains in a broader corrective bias on Friday, despite majors such as Bitcoin (BTC), Ethereum (ETH), and Ripple (XRP) holding slightly higher than early-week support levels.

The US economy has defied the Iran war so far: Can it last?

More than three months after the start of the Iran war and the resulting disruption to global energy markets, the US economy continues to display remarkable resilience. The conflict has triggered a sharp rise in Oil prices, reignited inflationary pressures and fueled widespread concerns about a potential economic slowdown.

4.2% headline, 0.2% core: Why the Fed's next hike may be targeting the wrong problem

May's CPI put headline inflation at 4.2% on the year, up from 3.8% in April and the hottest reading since April 2023, while core prices rose just 0.2% on the month, undershooting the 0.3% consensus and halving April's pace.