Gold and Oil News

Gold and Oil News

den 28 maj 2015

Important legal information

Gold and Oil News


Although the gold price headed for longest losing streak since March, hedge funds seem to count on a rising gold price in the near future. In the last week, investors increased their net long positions by 45,000 contracts, which is the largest increase since July 2005. To support their soaring gold mines, China is said to set up a governmental gold fund. Accounting for 15 bio EUR, the newly created fund would be the biggest of its kind on earth.

Jim Chanos, a leading hedge fund manager expressed his skepticism towards an increase of the oil price in the future. Fracking has made the United States the biggest oil producer, although the production cost is still unfavorable for some companies. The change in the production process and the resulting higher cost could affect the price in the long term whereas according to market participants in short term the price could remain on a low level.

 

 

2019-07-18 10:57:49