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

Phil Carr The Gold & Silver Club

Gold rose on Monday back above $1470, erasing losses from earlier in the session on fresh doubts over a U.S.-China trade deal.

Traders now await minutes of the U.S. Federal Reserve's last policy meeting, due on Wednesday, for clues about the future interest rate trajectory.

Investors also kept a close eye on developments in Hong Kong, with police on Monday trapping hundreds of protesters inside a major university.

Among other metals, silver gained 0.5% to $17.03 an ounce, while palladium rose 2% to $1,707 an ounce. Platinum was up 0.5% at $895 extending gains for a fourth straight session.

Oil prices eased on Monday, giving up some of last week's gains and pushed lower on uncertainty over a trade deal between the United States and China.

Expectations of lower seasonal demand for gasoline in the U.S. also weighed on oil prices.

OPEC and its allies are expected to discuss output policy at a meeting on Dec. 5-6 in Vienna.

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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