Week Ahead Commodity Report: Gold, Silver & Crude Oil Price Forecast [Video]
|Gold paired losses on Friday, after falling 1%, as investors opted for the safety of the yellow metal following reports the United States is considering delisting Chinese companies from U.S. Stock Exhanges.
Global central bank easing, the U.S.-China trade war, economic growth concerns, geopolitical tensions in Mideast and other places, continue to provide investment demand for gold.
Hedge funds and money managers raised their bullish positions in comex gold and reduced bullish bets on silver contracts in the latest week.
Meanwhile oil prices fell on Friday and posted a weekly loss on a faster-than-expected recovery in Saudi output, while investors also worried about Global Crude demand amid slowing Chinese economic growth.
With Money Mangers cutting their net long U.S. Crude futures and options positions in the latest week.
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:
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