Markets

Crude Oil to Rise as Gold Declines on Strong US Economic Data

Crude oil may rise while gold declines if US economic data continues to trump economists' expectations. Copper struggles to find clear directional bearing.

Talking Points

  • Crude Oil to Rise if Robust US Economic Data Boosts Risk Appetite
  • Gold, Silver Vulnerable as Anti-Fiat Demand Continues to Erode
  • Copper Stuck in Choppy Range as China Worries Meet Risk Trends

Commodity prices are in consolidation mode in European trade as markets look ahead to a busy US economic calendar. Another relatively supportive outing is expected. February's year-on-year CPI growth is expected to accelerate to 1.9 percent, marking the highest inflation reading in four months. Meanwhile, Industrial Production is seen rebounding over the same period after a drop in January and March's preliminary University of Michigan Consumer Confidence gauge is pencilled in at the highest since November.

Read More on International Business Times

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


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

Other Topics

Commodities

Latest Markets Videos