Week Ahead Commodity Report: Gold Price Forecast [Video]

Phil Carr The Gold & Silver Club

Gold surged close to a seven-year peak on Monday, as investors flocked to the safe-haven metal on escalating US - Iran tensions, while palladium hit a record high.

Earlier in the session, gold rallied as much as 2% to touch $1,582 its highest since April 10, 2013 with geopolitics taking center-stage, as the Iran-U.S. tensions have escalated to a boiling point.

President Donald Trump threatened sanctions against Iraq on Sunday after Baghdad called for American and foreign troops to leave, amid a growing backlash over the U.S. killing of a top Iranian military commander, heightening fears of wider conflict.

Elsewhere palladium hit an all-time peak earlier, and was last up 0.85% to $1986 and silver gained 1.2% to $18.34 an ounce, after touching a more than three month high at $18.47.

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.

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