Commodities Daily Forecast – September 12, 2017

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Updated: Sep 12, 2017, 08:58 UTC

Gold Gold prices corrected lower as the risks receded and the markets began to rebound. There was no news of any missile launches from North Korea over

Gold

Gold prices corrected lower as the risks receded and the markets began to rebound. There was no news of any missile launches from North Korea over the weekend and the fact that Hurricane Irma weakened helped to strengthen the stock markets and weaken the gold prices. …Read More

Silver

Silver prices also corrected lower on the rebound in the stock markets but the impact on the silver prices was not as much as in gold. It continues to trade below the $18 region and it is expected to remain weak in the short term. …Read More

WTI Crude Oil

Oil prices managed to recover as reports that Saudi Arabia would be extending the production cut helped to sustain the oil prices and the prices broke back above the $48 region and continues to trade in a strong manner. …Read More

Natural Gas

Gas prices also rose yesterday as concerns over Hurricane Irma affecting the demand for gas faded and this led to the prices picking up after the fall towards the end of last week. This is likely to continue for the rest of the week. …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.