Gold, Silver and Oil Price Outlook

By International Business Times,  August 05, 2012, 12:13:25 PM EDT

The Overall Fundamentals Precious Metals Gold's price continued to fluctuate around the 1600 mark, with disappointments of the US Fed and the ECB being the major drivers of the decline. Gold was the only metal in the complex that recorded weekly fall last week. But, I do expect the up-trend to continue.

Energy

Friday's rally has saved Crude Oil prices from recording losses for a 2nd week running. Concerning front-month contracts, WTI Crude Oil gained +1.41%, Brent Crude finished +2.32%.

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of The NASDAQ OMX Group, Inc.


This article appears in: Investing, Commodities

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