Commodities Daily Forecast – August 15, 2017

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Updated: Aug 15, 2017, 09:15 UTC

Gold The gold prices moved lower as the dollar managed to recover some of its losses across the board and we also saw some of the risks that were present

Gold

The gold prices moved lower as the dollar managed to recover some of its losses across the board and we also saw some of the risks that were present last week slowly recede into the background. This led to a drop in the gold prices and the funds got pushed into the stock markets and this is likely to continue in the short term. …Read More

Silver

As usual, the silver prices also tended to follow the gold prices and they turned lower due to the strength in the dollar. This will be put to test when the retail sales data from the US come out today and the market will be watching this data very closely. …Read More

WTI Crude Oil

The prices dropped by more than 2% during the course of the last 24 hours as the supply concerns, the strength of the dollar and the drop in demand for refined crude all put a lot of pressure on the prices of crude oil. It dropped below the $48 region and continues to trade in a weak manner. …Read More

Natural Gas

The prices of natural gas also fell by around 1% during the course of the last 24 hours as the investors and traders sought to take off some profits off the table on the back of weak oil prices which basically spooked the energy markets. …Read More

About the Author

Colin Firstauthor

Colin specializes in developing trading strategies and analyze financial instruments both technically and fundamentally. Colin holds a Bachelor of Engineering From Milwaukee University.