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:



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.

Analysis feed

Latest Forex Analysis

Editors’ Picks

EUR/USD surges above 1.1100 as Trump announces steps against China

EUR/USD is trading above 1.1100, up on the day. President Trump said he orders companies to search Chinese imports for drugs. Earlier he criticized Powell's lack of action. 


GBP/USD jumps above 1.2250 on USD weakness

GBP/USD is trading close to the monthly highs above 1.2250 as the US dollar falls following Powell's hint of cutting rates and Trump's angry response. 


USD/JPY plummets to ten-day lows below 106 as Trump goes berserk on Twitter

The USD/JPY came under strong selling pressure in the last hour and erased nearly 100 pips as US President Donald Trump's latest rant on Twitter forced investors to seek refuge and ramped up the demand for safe-haven JPY. 


Powell powerless against Trump's trade wars – US braces for recession, USD set to move

"The most powerful central banker in the world" – is how we and others characterize Fed Chair Jerome Powell. While that may be true – monetary policy is reaching its limits – especially in the face of a trade war.

Read more

Gold gains more than $30, eyes 2019 highs on Trump’s tweet

Gold continues to rise sharply amid concerns about the impact of the escalation in the US-China trade war. The demand for safe-haven assets emerged over the last hours, leading to a rally in the yellow metal. 

Gold News