Gold prices soar, WTI crude holds steady, as natural gas edges upward
Gold continues to make gains, oil prices remain steady, but natural gas prices have retreated.
Gold moves higher
The spot gold price has continued to gain, and has returned to the $2720.00 highs from November and December.
Further gains could drive the price towards $2790, the highs from the end of October. Beyond this lies a potential new record high. Alternatively, a reversal back below $2700 might indicate some short-term downside.
Spot gold daily chart
WTI still riding high
Solid gains made over the past month have carried the WTI crude oil price to its highest level since mid-July.
Currently, there is little sign of a pullback. Weakness on Thursday was shrugged off, reducing any chance of an imminent pullback. A close back below $76 could turn the price back onto a bearish trajectory in the near term.
WTI crude oil daily chart
Natural gas edges back
Gains over the past two sessions have positioned natural gas price to potentially test recent highs.
The uptrend remains intact, with continued gains targeting 4000, a level briefly reached in late December.
Natural gas daily chart
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