Gold prices gather pace but oil prices wilt once more
Gold prices are looking to hit $1440 for a third time, while oil prices have turned lower in early trading.
Gold looking to challenge $1440 again
The week has seen the price of gold unable to break above $1440 but finding rising support from the low around $1380.
Another bounce may see $1440 challenged once again, with a break higher from here marking a strong bullish move. A drop below $1410 suggests a move back to $1380 in the near term.
WTI hovers above support
The retreat from the $60.00 peak seen last week has continued; the first part of the week saw the price of WTI drop to $56.00 before rebounding slightly.
A move below this opens the way to $52.00, but if this area holds as support, and the price then moves back above $57.50, then a push back to $59.40 may be in the offing.
The information on this page does not contain a record of our trading prices, or an offer of, or solicitation for, a transaction in any financial instrument. IG Bank S.A. accepts no responsibility for any use that may be made of these comments and for any consequences that result. No representation or warranty is given as to the accuracy or completeness of this information. Consequently any person acting on it does so entirely at their own risk. Any research provided does not have regard to the specific investment objectives, financial situation and needs of any specific person who may receive it and as such is considered to be a marketing communication. Although we are not specifically constrained from dealing ahead of our recommendations we do not seek to take advantage of them before they are provided to our clients. See full non-independent research disclaimer.
React to volatility on commodity markets
Trade commodity futures, as well as 27 commodity markets with no fixed expiries.
- Wide range of popular and niche metals, energies and softs
- Spreads from 0.3 pts on Spot Gold, 2 pts on Spot Silver and 2.8 pts on Oil
- View continuous charting, backdated for up to five years
See opportunity on a commodity?
Try a risk-free trade in your demo account, and see whether you’re onto something.
- Log in to your demo
- Try a risk-free trade
- See whether your hunch pays off
See opportunity on a commodity?
Don’t miss your chance. Upgrade to a live account to take advantage.
- Analyse and deal seamlessly on fast, intuitive charts
- Get spreads from just 0.3 points on Spot Gold
- See and react to breaking news in-platform
See opportunity on a commodity?
Don’t miss your chance. Log in to take your position.
Live prices on most popular markets
- Forex
- Shares
- Indices
Prices above are subject to our website terms and agreements. Prices are indicative only. All shares prices are delayed by at least 15 mins.
