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

Phil Carr The Gold & Silver Club

Gold last week surpassed $1450 for the first time since May 2013 and silver rose to $16.57 per ounce its highest since June 25, 2018.

The surge in precious metals fuelled by comments from the New York Fed President John Williams boosting expectations of an even deeper rate cut that sent the dollar to a 2-week low.

Silver rose 8% last week, its best week in 3-years whilst Platinum surged to 2-month highs trading at $864 per ounce.

Oil prices gained on Friday trading above $56 per barrel after Iran's revolutionary guard said they had captured a Brittish flagged oil tanker in the gulf.

Meanwhile Hedge funds and money managers rasied their bullish stance in Comex gold in the latest week and increased their net long positions on US Crude Oil.

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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