Week Ahead Commodity Report: Gold, Silver, Platinum & Oil Price (Video)

Phil Carr The Gold & Silver Club

Palladium set a fresh record high last week breaching 1550 amid expectations that china economic stilumus would drive demand.

Gold also rebounded on Friday moving back above 1300 for a 2nd straight weekly gain as the dollar dipped on weak U.S. economic data ahead of next weeks FOMC statement.

Hedge funds and money managers however cut their net long positions in comex gold last week whilst raising bullish wagers on U.S. Crude Oil as prices hit a 2019 high on signs of tightening global supply.

Where are commodity prices heading next? Watch Phil Carr at The Gold & Silver Club review Gold, Silver, Platinum 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.

EUR/USD trims gains, back below 1.1800

EUR/USD now loses some upside momentum, returning to the area below the 1.1800 support as the Greenback manages to regain some composure following the SCOTUS-led pullback earlier in the session.

GBP/USD off highs, recedes to the sub-1.3500 area

Following earlier highs north of 1.3500 the figure, GBP/USD now faces some renewed downside pressure, revisiting the 1.3490 zone as the US Dollar manages to regain some upside impulse in the latter part of the NA session on Friday.

Gold climbs to weekly tops, approaches $5,100/oz

Gold keeps the bid tone well in place at the end of the week, now hitting fresh weekly highs and retargeting the key $5,100 mark per troy ounce. The move higher in the yellow metal comes in response to ongoing geopolitical tensions in the Middle East and modest losses in the US Dollar.