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

Phil Carr The Gold & Silver Club

Gold edged higher last week on track for its fourth consecutive week of gains, as the dollar slipped on expectations that the U.S. Federal Reserve might halt its monetary policty tightening cycle.

Palladium surged to all time highs above $1340 whilst silver continues to consolidate at $15.50 at 6-month highs.

Oil closed down 2% on Friday after a 9-day winning streak spurred by US-China trade talks, which boosted Crude Oil to $53 per barrell.

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 turns negative near 1.1850

EUR/USD has given up its earlier intraday gains on Thursday and is now struggling to hold above the 1.1850 area. The US Dollar is finding renewed support from a pick-up in risk aversion, while fresh market chatter suggesting Russia could be considering a return to the US Dollar system is also lending the Greenback an extra boost.

GBP/USD change course, nears 1.3600

GBP/USD gives away its daily gains and recedes toward the low-1.3600s on Thursday. Indeed, Cable now struggles to regain some upside traction on the back of the sudden bout of buying interest in the Greenback. In the meantime, investors continue to assess a string of underwhelming UK data releases released earlier in the day.