Silver chock with Heaviest Bearish Betting in 15 Years, Gold Prices Unmoved with Italy's 'Messy' Election
collected by :kiven Dixter
GOLD PRICES held onto final week's closing standard Monday morning in London as the weekend's national elections in Italy – the Eurozone's 3rd largest economy – gave no clear winner overall, writes Steffen Grosshauser at BullionVault. "I think gold prices are up partially due to the doubt over the chock of the Italian election on the Eurozone," told Ji Ming, chief analyst at Chinese gold mining group Shandong. Speculative betting on silver prices Meanwhile grew further bearish for the 3rd 7 days running, by the Managed Money holding its generality negative position ever records began in 2006. For European Businessmen gold climbed €3 to €1076, When the Britain gold value in Pounds per ounce touched a 2-week high above £963. Crude oil prices rose 0.5% ahead of a meeting among Opec & other large universal oil suppliers, as Libya's biggest crude oil field declared a produce halt.
GOLD PRICES held onto final week's closing standard Monday morning in London as the weekend's national elections in Italy – the Eurozone's 3rd largest economy – gave no clear winner overall, writes Steffen Grosshauser at BullionVault. "I think gold prices are up partially due to the doubt over the chock of the Italian election on the Eurozone," told Ji Ming, chief analyst at Chinese gold mining group Shandong. Speculative betting on silver prices Meanwhile grew further bearish for the 3rd 7 days running, by the Managed Money holding its generality negative position ever records began in 2006. For European Businessmen gold climbed €3 to €1076, When the Britain gold value in Pounds per ounce touched a 2-week high above £963. Crude oil prices rose 0.5% ahead of a meeting among Opec & other large universal oil suppliers, as Libya's biggest crude oil field declared a produce halt.
Gold Prices Find new backing as Trade War Fears Grip Markets
Crude oil prices fell in with broad-based market sentiment trends. Investors' dour mood – initially spoiled with the prospect of rapid federal interest average hikes & then compounded with trade war jitters – familiarly translated into reduce stock prices. That spells trouble for oil prices, though gold probably still to benefit from traders' uneasy disposition. See our toll free proof to learn what are the long-term forces driving crude oil prices! CRUDE OIL TECHNICAL ANALYSISCrude oil prices stalled at backing marked with the 38.2% Fibonacci expansion at 60.96.
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