Phil Carr
The Gold & Silver Club
Gold surged 1% on Friday supported by safe-haven interest driven by tensions in the Middle East after the United States said it was imposing sanctions on Iran's National Bank after last weekends attack on Saudi Arabian Oil facilities.
Meanwhile oil prices eased on Friday on renewed concerns over the U.S. - China trade war, but futures still posted the biggest weekly gains since January after an attack on Saudi Arabai's Energy Industry last weekend.
The Federal Reserve also cut interest rates for the second time this year on Wednesday but gave mixed signals on future rate cuts.
Hedge funds and money managers raised their bullish positions in both gold and oil in the latest week.
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:
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