Gold price and oil price march higher
Gold and oil have both pushed higher in early trading, building on the gains made earlier in the week.
Gold’s rally refuses to slow down
We have seen another leg higher for the gold in early trading, building on the gains made over the past week.
The dip to $1750 provided a brief but, as it turns out, strong entry point, powering the price to its highest levels since 2012. This uptrend is still firmly intact, and we are not yet seeing the kind of lower highs and lower lows that would suggest a near-term pullback is at hand.
WTI starts the day with gains
Like indices, WTI spent the week steadily climbing, building on the last Thursday’s recovery.
Further gains target $41.50, the highs from last week. A more bearish view requires a reversal below $37.00, which would put the price back below a key area of support.
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