Gold is fundamentally under pressure
Crude oil prices increased highly in this year. The Gold price has a difficult fundamental setup due to booming crypto currencies, low volatility in equity markets and a tapering monetary policy in the U.S.
Crude oil prices increased highly in this year and OPEC can give itself a slap on the back. But in the first half of 2018 a high supply of crude oil could put pressure on the oil market.
The Gold price has a difficult fundamental setup due to booming crypto currencies, low volatility in equity markets and a tapering monetary policy in the U.S.
Worries about China and taking profits of investors caused a price decrease of many industrial metals during the last period of time. Nickel also decreased and was trading at its two-month-low at 10.800 USD per ton.
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