Gold rebounded on Monday from a 4-month low as investors resumed trading after the Easter holiday, with Platinum hitting its higest level in a week at $1906 and Palladium gaining 1% climbing to 2-week highs at $1409, putting Palladium on track for its best week in seven. 

Meanwhile Oil prices rallied 3% on Monday to their highest since late 2018 as the United States was set to announce that all imports of Iranian oil must end or be subject to sanctions

Hedge funds and money managers raised their net long U.S. crude futures and options positions in the week to April 16 and switched to a net short position in COMEX gold in the week to April 16.

Where are commodity prices heading next?  Watch Phil Carr at The Gold & Silver Club review Gold, Silver, Platinum and Crude Oil with the latest price forecast and predictions:


Trading has large potential rewards, but also large potential risk and may not be suitable for all investors. The value of your investments and income may go down as well as up. You should not speculate with capital that you cannot afford to lose. Ensure you fully understand the risks and seek independent advice if necessary.

Feed news

Latest Forex Analysis

Editors’ Picks

EUR/USD hits 4-week low on trade tensions, unimpressive PMIs

EUR/USD is trading around 1.1150, stable. US-Sino trade tensions weigh on markets. The Fed's minutes did not imply a rate cut. German PMIs disappointed while French ones were OK.


GBP/USD hits another 4-month low on political turmoil

GBP/USD has hit a new four-month low closer to 1.2600. UK PM May is still in power, but probably not for long. Brits vote in the European elections despite Brexit and both main parties are expected to lose.


USD/JPY recovers to 110.30 amid weak Japanese data, BOJ comments

The USD/JPY pair stalled its post-FOMC minutes' retreat near 110.15 and reverted to familiar range near 110.30 region, as dovish remarks from the BOJ policymakers and disappointing Japanese manufacturing PMI.weigh down on the Japanese currency. 


FOMC Minutes April 30-May 1: Patience reaffirmed

The edited minutes of the April 30th-May 1st FOMC meeting observed that economic growth in the first quarter was stronger than anticipated but that it would probably slow as the year progressed. 

Read more

Gold again fails to shine in the risk-off environment

Gold is again having a tough time scoring gains despite signs of risk aversion in the financial markets. The strength in the US Dollar is likely keeping the safe haven metal under pressure.

Gold News