Phil Carr
The Gold & Silver Club
The US dollar tumbled on Friday from a 2-year high, accelerating a fall which began on Thursday after a report showed manufacturing activity hit its lowest level in almost a decade.
Meanwhile gold prices were propelled higher, rising more than 1% for a weekly gain, propped up by the weaker US dollar.
Oil prices also rose more then 1% on Friday but posted the biggest weekly drop of the year, pressured by rising inventories and worries about the Global economy.
Hedge funds and money managers cut their net long positions in U.S. Crude futures 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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