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Gold prices finally cleared $2,000 per ounce. The rally will likely continue given low yields and risk-averse investors. There’s still room for traders to get out of flatlined stock markets. Gold prices finally cleared $2,000 for the first time ever today. The metal had already surpassed the manic high set in 2011 near $1,950 per…
This rally can only go so far as supply concerns threaten to sink oil prices once again. Even as economies reopen, demand for oil will remain depressed. The OPEC+ cuts weren’t enough to offset weak demand. Last month when oil prices fell to the horrifying low of -$42 per barrel, investors started to worry about…
The delayed OPEC+ meeting will likely yield positive results, but it won’t be enough to stabilize prices for good. If producers can’t agree on cuts soon, oil prices could plunge below $10. Donald Trump’s tariff talk is likely little more than false hope. Oil prices appear set to plummet when trading resumes on Monday as…
The coronavirus outbreak coupled with the Saudi-Russian oil price war has created a perfect storm for oil. According to one Wall Street analyst, we could soon see negative oil prices as supply far outstrips demand. As global storage capacity reaches its breaking point, oil producers may start paying customers to take delivery. The oil industry…
An unlikely alliance between Syria and Libya could usher a new paradigm in the Middle East against Turkey’s wishes. Once again, oil prices hang in the balance. Gulf Arab producers are having a hard time keeping oil prices from falling now that Russia has reportedly backed away from production cuts. Tensions in the Middle East…
As a safe-haven asset and investment instrument, gold will hit fresh highs soon, predicts Citi. | Source: ShutterstockGold prices may rally to its historic high in the next year or two, according to CitiGroup.The American multinational banking firm forecasted gold at $2,000 an ounce by the close of 2021’s third quarter, citing a list of…
