Week ahead commodity report: Gold, Silver & Crude Oil Price Forecast: 13 - 17 January 2020 [Video]

Phil Carr The Gold & Silver Club

Gold rose to a near 7-year peak of $1,610 last week after a U.S. drone strike killed a top Iranian commander in Baghdad and Iran launched missiles against U.S. bases in Iraq in retaliation.

The rally, however, faded with a lack of further military escalation in the region.

The United States imposed more sanctions on Iran on Friday and vowed to tighten the economic screws if Tehran continued "terrorist" acts or pursued a nuclear bomb.

On the technical front, gold found support at level of $1,546.50 before retracing back to $1556.

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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