Gold Price Prediction – Gold Consolidates After 2% Weekly Rise

Gold prices consolidate their weekly gains on Friday as the dollar rebounded. The Greenback fell to a 33-month low on Thursday and continued to lift the week’s commodity complex. US yields moved higher despite a decrease in riskier assets. US leading economic indicators came out slightly better than expected while the US current account deficit widened by more than expected.

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Gold Price Prediction – Prices Rise as Trend Points to Higher Prices

Gold prices rebounded on Thursday despite a rising dollar as the US yields edge higher. Gold has been unable to gain haven status, but gold volatility remains elevated and will continue to generate volatile price action. Riskier assets whipsawed following a larger than expected rise in US jobless claims which more than doubled from the record levels posted in the previous week.

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Natural Gas Price Prediction – Prices Rise on Less than Expected Inventory Build

Natural gas prices moved slightly higher on Thursday following a less than expected build in natural gas stockpiles. There is one disturbance in the Gulf of Mexico. Tropical depression 16, is now swirling in the Gulf and is expected to turn eastward making landfall in Louisiana and then Florida.

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