Crude oil prices remain on a high level, Gold in focus of U.S. rate hikes

Crude oil prices remain on a high level, Gold in focus of U.S. rate hikes

14. marraskuuta 2017

 

Crude oil

Despite small decreases in the beginning of the week crude oil prices remain at a relative high level. The IEA currently estimates that developed countries will need crude oil as an important commodity far longer in the future.

 

Gold

Gold is currently trading without much creativity. The market seems to expect a U.S. rate hike in December with over 90 percent. This outlook suppresses further gains in the gold price.

 

Copper

The Copper price was trading weaker in the beginning of the week due to disappointing Chinese industrial data but has stabilized a little bit. Chinese Data could have the potential to influence Copper price because the country is the world’s largest Copper consumer.

 

 

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4.10.2022 6:05:58