Gold again reported a profit at the official start of Brexit process. The yellow metal has the impressive growth of 9.1% for the quarter. Gold however meets great difficulties to overcome resistance at the 200-day moving average. Silver continues to demonstrate strength after overcoming the level of 18 dollars per ounce. It is on track to record a third weekly increase, and the resistance is at 18.46 dollars.
Oil jumped to a three-week peak after it became clear that stocks in the US rose for the week by 900,000 barrels, but the forecasts were for higher growth. In addition, stocks of oil and distillates fell more than expected, while supplies from Libya are irregular. US light crude overcame 200-day moving average, which is now supposed to become a support.
No comments:
Post a Comment