Precious Metals
Oil choppy, gold rally fizzles
Oil choppy as it establishes a new range Another choppy session in oil markets but one in which the price is once again broadly unchanged on the day. Yesterday…
Oil choppy as it establishes a new range
Another choppy session in oil markets but one in which the price is once again broadly unchanged on the day. Yesterday we saw a decent rally before gains were erased and today we’ve seen the opposite. It continues to look like oil is establishing a new range after a host of factors caused massive swings in the price including the increasingly pessimistic global economic outlook and the huge two million cut to output from OPEC+. We could see Brent stabilise between $90 and $100 now barring another coordinated SPR release.
Recovery rally short-lived
Gold prices are slipping a little again after a recovery rally on Thursday was cut short. The bullish case for the yellow metal remains weak considering the uncertain outlook for inflation and interest rates. It’s testing support around $1,620 this morning with further support potentially coming around $1,600.
For a look at all of today’s economic events, check out our economic calendar: www.marketpulse.com/economic-events/
Canadian Silver Co. Will See Big Changes in 2024
Source: Michael Ballanger 12/22/2023
Michael Ballanger of GGM Advisory Inc. takes a look at the current state of the market and shares on stock…
EGR options out Urban Berry project in Quebec to Harvest Gold – Richard Mills
2023.12.23
EGR Exploration Ltd. (TSXV: EGR) has moved from owner to shareholder at its Urban Berry project in Quebec, this week announcing it is optioning…
Crypto, Crude, & Crap Stocks Rally As Yield Curve Steepens, Rate-Cut Hopes Soar
Crypto, Crude, & Crap Stocks Rally As Yield Curve Steepens, Rate-Cut Hopes Soar
A weird week of macro data – strong jobless claims but…
