Crude oil prices with support, Gold price near 100-day moving average
Crude Oil prices started without furore at the weekly opening. U.S. oil production could expand on a longer term perspective. The gold price is struggling with an adjustment and is trading at its 100-day moving average at 1.275 USD.
Crude Oil prices started without furore at the weekly opening. Speculations about longer OPEC crude oil production cuts supported the oil prices. But U.S. oil production could expand on a longer term perspective.
Gold is trading at its 100-day moving average at 1.275 USD / troy ounce. With a lasting decrease below this level positions could be closed, gold analysts say.
: The price of precious metal Palladium is above the 1,000 USD / troy ounce for the first time for 16 years. The parity to Platinum was already reached End of September. Palladium profits of a high demand from the automotive sector.
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