Week Ahead Commodity Report: Gold, Silver & Crude Oil Price Forecast [Video]

Phil Carr The Gold & Silver Club

Gold paired losses on Friday, after falling 1%, as investors opted for the safety of the yellow metal following reports the United States is considering delisting Chinese companies from U.S. Stock Exhanges.

Global central bank easing, the U.S.-China trade war, economic growth concerns, geopolitical tensions in Mideast and other places, continue to provide investment demand for gold.

Hedge funds and money managers raised their bullish positions in comex gold and reduced bullish bets on silver contracts in the latest week.

Meanwhile oil prices fell on Friday and posted a weekly loss on a faster-than-expected recovery in Saudi output, while investors also worried about Global Crude demand amid slowing Chinese economic growth.

With Money Mangers cutting their net long U.S. Crude futures and options positions 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:

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 meets initial support around 1.1800

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GBP/USD bounces off lows, retargets 1.3550

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Gold bounces back toward $4,900, looks to FOMC Minutes

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DeFi could lift crypto market from current bear phase: Bitwise

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Ripple slides to $1.45 as downside risks surge

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