Gold costs posted a weekly achieve on Friday as the USA raised tariffs on Chinese language items, exacerbating fears of a world financial slowdown, rising protected haven demand for bullion.
In the meantime oil costs whipsawed amid issues over the commerce battle between the US and China, ending the week barely decrease because the U.S. transfer to hike tariffs on China overshadowed rising demand.
Infact hedge funds and cash managers minimize their bullish wagers on U.S. Crude Oil to the bottom in a month and upped their bets on Brent Crude Oil to the best in practically 7-months.
The place are commodity costs heading subsequent? Watch Phil Carr at The Gold & Silver Membership evaluation Gold, Silver and Crude Oil with the newest value forecast and predictions: