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Gold price set to stay at around $2,500 by year-end – Commerzbank
Gold (XAU/USD) touched a new all-time high on Friday. Upcoming interest-rate cuts by the Federal Reserve should continue to support prices, Commerzbank's Commodity Analyst Carsten Fritsch notes, raising the forecast for Gold price to $2,500 per troy ounce at year-end from $2,300 previously.Fxstreet
Aug 16, 2024
Oil prices edge lower, but set for positive week as economic outlook improves
Investing.com-- Oil prices fell slightly in Asian trade on Friday, but were set for a second straight week of gains as optimism over a resilient U.S. economy and falling interest rates pushed up hopesInvesting.com
Aug 16, 2024
Beware of the next leg of algo selling activity in Platinum – TDS
Markets expect CTAs to continue covering shorts in Platinum markets this session, but the balance of risks for CTA positioning has now notably shifted to the downside, TDS senior commodity strategist Daniel Ghali notes.Fxstreet
Aug 15, 2024
Silver Price Forecast: XAG/USD surrenders some intraday gains after upbeat US data
Silver price (XAG/USD) gives up some of its intraday gains in Thursday’s New York session after the release of the resilient United States (US) Retail Sales data for July and lower-than-expected number of individuals claiming jobless benefits for the first time in the week ending August 9.Fxstreet
Aug 15, 2024
