Forecasts & Analysis | Commodities, Page 15
Gold Price Forecast – Gold Markets Pullback But Find Buyers
Gold markets pulled back a bit during the trading session on Tuesday, reaching towards the $1540 level before showing signs of support again. It does look as if gold is ready to bounce.
Oil Price Fundamental Daily Forecast – 2019 China Imports Rise 9.5%
China has pledged to buy more than $50 billion in energy supplies from the United States over the next two years, according to a source briefed on the trade deal.
Price of Gold Fundamental Daily Forecast – Traders Eyeing U.S. Consumer Inflation Reports
Steady-to-better inflation data is likely to keep a lid on gold prices, while weaker-than-expected figures could encourage some short-covering. The movement in gold will be determined by how investors feel the Fed will react to the data.
Natural Gas Price Fundamental Daily Forecast – Chart Pattern Confirms Increased Bets on Weather-Driven Rally
Our work on the daily chart also suggests the base building process may have begun with the formation of a closing price reversal bottom on January 3 and a subsequent confirmation of the chart pattern. It will remain intact as long as $2.062 holds.
Gold Price Forecast – Gold Miners at Critical Support
The gold mining ETF’s are testing critical support – the next few trading days are important. If support holds in GDX and GDXJ, then we could see a springboard effect and rally to fresh highs. A failure here would set the stage for a more profound correction.
Will Weaker Than Expected Payrolls Support Gold Prices?
The nonfarm payrolls came below expectations in December. That’s one month – but what about the full quarter and the year? What does a thorough examination of the jobs market mean for the gold prices?
Market News Report: January 13, 2020 – January 17, 2020
The Middle East crisis continued to escalate in the first half of last week. But then the fears have diminished and investors were awaiting Friday’s monthly jobs data release. Will the coming week bring some interesting news events? Let’s take a look at the details.