Gold and Oil News
Gold and Oil News - May 8, 2017 10:41
Gold Prices and Why There’s Nobody Buying
At the back end of last week Gold prices slid to levels not seen since mid March, all-in-all it was Gold’s worst performing week of 2017 so far. The recent strength of the US Dollar put pressure on Gold as expectations of a rate rise grow. The US Fed gave indication that planned rate rises […]
Gold Price Shoots Higher As Trump Offers No Clarity
The US dollar fell hard whilst gold prices shot higher as Donald Trump began his pre-presidential speech, which provided little clarity on future financial policies. The price of gold began the US session to the downside, hitting a low of $1177 before reversing strongly heading towards $1200. It seems the speech by the soon-to-be US […]
Oil Prices: How Much Further Will They Let This Slide?
Oil prices are heading back down it seems. After spiking to a high above $54 on the basis of a cut in production by Russia and other countries after the OPEC landmark deal, it’s been falling steady. There’s already a concern on trust in the statement from OPEC if it will adhere to what it […]
Gold Prices and Where Next At This Resistance?
Gold gained good ground over the last week, after an early October fall through support. However, the fall stalled and found a base around the mid-point of the February to May range. Gold mining stocks had seen a phenomenal run, with some of the big players up over 200% and more from early 2016 lows, […]
Is This The New Trend Line For Gold?
We’ve all been amazed by the trend in Gold prices during 2016 so far, but this last few weeks, since a spike higher after the Brexit decision, Gold has fallen back somewhat. Is the Gold bull over for 2016? Or is this just another dip to buy into? It’s obvious at some point the strong […]
WIll Gold Hold Out Above $1200?
It’s safe to say that May was a hell of a bearish month for gold prices, in fact it’s been the worst month of the year so far for the precious metal. Gold prices fell from a high of $1300 on 2nd May to a low of $1200 on 30th May. This abrupt end to […]
Where’s The Range For Crude Oil Prices Right Now?
Since the all-out fear of late 2015 and early 2016 subsided, Crude Oil prices have gained more than 50% since the mid February low. The question on everyone’’s lips now, is how far can Oil prices go? As the fear began to dissipate Crude rallied, and rallied strong, to a high above $42 in March. […]
Are Gold Prices Set To Head Higher?
2016 has seen a lot of strength return to gold prices. In fact since January gold has increased by around $200 per ounce. What many investors are thinking now is can these prices be sustained for the rest of the year? In recent history quick spikes have usually been followed by sharp falls, however things […]