GOLD

Gold Price Risks ‘Double Top’ vs Falling Dollar as Turkey, Pakistan Challenge US Foreign Policy;

GOLD PRICES pulled back from 4-month highs above $1340 per ounce for the third day running in London on Wednesday, again trading lower for non-Dollar investors as the US currency fell once more. Asian and European stock markets also headed south after Wall Street marked a “key reversal” from fresh all-time record highs for technical analysts, closing 0.5% lower overnight after rising sharply earlier on Tuesday. Read More @ https://www.bullionvault.com/gold-news/gold-price-011720183

THIS IS WHY OIL PRICES WILL TREND HIGHER

s reported on Thursday by the Energy Information Administration (EIA) of the US Department of Energy, commercial oil reserves in the US in the week of January 6-12 fell 6.9 million barrels to 412.7 million barrels. The forecast of analysts assumed a decrease in stocks by 3.56 million barrels. Gasoline reserves increased by 3.6 million barrels to 240.9 million barrels. The news about the reduction in oil reserves was positively received by investors. Oil prices after publication rose after falling at the beginning of the trading day. At the end of today’s trading session, the spot price for Brent crude is close to $ 69.00 per barrel, which is still below the highs reached 3 days ago near the 70.00 mark. @ http://www.humbletraders.com/this-is-why-oil-prices-will-trend-higher/

TECHNICAL CHARTS

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