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Commodities Daily Forecast – June 12, 2017 – FX Empire

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Gold

Gold prices have been having a tough time over the last couple of days as the risk events vanish one by one and this has emboldened the investors to seek higher returns for their funds and making them push their funds into stock markets and driving the funds out of gold and silver. This has kept the pressure on the gold prices which are now trading near the lows of their range. Read More…

Silver

Silver prices also dropped towards the strong support region around $17 was the safe haven instruments like gold and silver took a hit over the last couple of days. With the focus now shifting towards the Fed and its proposed rate hikes, we should see the silver prices under pressure in the short term. Read More…

WTI Crude Oil

With all the attention focussed on safe haven assets like gold and silver, the oil bulls were able to manage a slight recovery in the prices but this recovery is not likely to last long. The oil prices will continue to remain low as long as the production and inventory continues to remain high. Read More…

Natural Gas

The gas prices are slightly lower to begin the week as the latest weather reports are up and the market is trying to make some sense of the same. The gas prices are highly dependent on the weather and sooner or later, the cold weather is going to set in which will help the bulls to push the prices higher. Read More…