Commodity update 88
Did the Gold rally already end? Silver could show catch-up potential.
Oil
Oil prices noted inconsistently at the beginning of the week. While Brent reduced slightly, WTI was able to increase its price. This decreased the price difference between both varieties further.
Gold
Did the Gold rally already end? After the high of almost USD 1,360 on Friday, Gold was trading USD 20 lower at the beginning of this week. Professionals said that the risk aversion of investors is shrinking in view of the geopolitical calm down.
Silver
Silver was not featured very often in the headlines lately. A catch-up potential to Gold and an increase in industry demand could be price drivers.
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