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

Phil Carr The Gold & Silver Club

Gold climbed to a 7-week high on Friday, its first monthly gain in 4-months, as investors sought the safe haven after U.S. president Trump threatened tariffs on imports from Mexico.

Meanwhile oil slumped over 3% on Friday and posted its biggest monthly drop in 6-months, after U.S. president Donald Trump stoked global trade tensions with Mexico, a key U.S. trade partner and a major supplier of crude oil.

Brent futures posted a 13.8% slide in May and WTI a 16% drop, the biggest monthly fall since November.

Hedge funds and money managers cut their net long U.S. crude futures and options positions in the latest week, and increased their net long positions in Comex gold.

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.

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