Gold price at new record while WTI crude price slumps
The price of gold has made new highs, but crude oil prices are under pressure after a slump yesterday.
Gold
Tuesday saw fresh highs for spot gold, maintaining the uptrend of recent weeks. There has been little sign of any reversal in the price, which has shrugged off all intraday weakness to keep making new record highs. In the short-term, the previous peak at $2950.00 may provide support in the event of a drop.
WTI
Oil prices suffered a reversal on Tuesday, with WTI crude oil retreating from $68.00. Further losses target the recent lows at $65.00, which were previous support back in September, and in the first half of 2023.
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