What Will It Take To Drive Gold Prices Higher: Kitco News Weekly Outlook
Unless there is a significant breakdown in equities or the U.S. dollar, gold investors can expect to see further grind in the marketplace, according to one commodity analyst. Although gold prices could test the top end of their range, around $1,350 an ounce, as the market finds support from disappointing labor market data and escalation of trade war rhetoric between the U.S. and China, analysts are not expecting to see a breakout anytime soon,. “I think we could see gold prices push higher by $10 or so but ultimately, interest rate expectations are firmly in place and that will support the U.S. dollar and weigh on gold,” said Bart Melek, head of commodity strategy at TD Securities. read more @ http://www.kitco.com/news/2018-04-06/Kitco-News-Weekly-Outlook-What-Will-It-Take-To-Drive-Gold-Higher-Next-Week.html
The Trump “Twitter Effect” On Oil Prices
On Monday, oil prices marked their sharpest one-day decline since February, following the markets as a whole. By 2:30 P.M. Eastern, the West Texas Intermediate (WTI) had dropped 3 percent for the day, while Brent was down 2.3 percent. Before Monday’s drop, both WTI and Brent were in the middle of an impressive rally – WTI had been up 6.5 percent for the month as of Thursday, while Brent had been up an even heftier 8.6 percent for the same period. And when we look at oil prices for the year, both are now at the pricing ranges I had predicted for the end of June. So, a pullback was certainly in order. read more @ https://oilprice.com/Energy/Oil-Prices/The-Trump-Twitter-Effect-On-Oil-Prices.html
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