Gold prices rallied slightly at the onset of Asian trading
Tuesday, despite the minor setbacks included in the price during
yesterdays muted session in the US. As of European trading Tuesday,
the yellow metal is gripping to a small gain on the day, as prices
were fortified in the 1612 region (daily low), before rebounding
slightly. At the time of writing Gold has settled at USD $1612.97,
trading positively at $+4.17. With the absence of an overabundance
of stimuli permeating the European - and later American - markets,
prices are not expected to fluctuate greatly today.
Conversely, Silver prices have witnessed a similar up and down
oscillation Tuesday, as Asian gains have now given way for a retest
of the psychological 30.00 level during European trading. The white
metal is presently operating in the USD $30.03, whilst recording an
advance of $+0.18 as prices look to get back on track following
last weeks decline past the critical 30.70 support.
Crude oil prices have been confined to a rather narrow trading
region thus far Tuesday, after failing to extend yesterdays brief
jumps. As such, the price has returned to a familiar region,
gaining traction in the area of USD $95.38, where crude currently
resides in these moments. Ultimately, the propensity for stability
above the 95.00 level will go a long way in determining the
short-term direction of crude prices, fundamentally speaking.