Gold will probably reach $2350-2400 per ounce very quickly; silver may have more upside: Peter McGuire

Gold  will probably reach $2350-2400  per ounce very quickly; silver may have more upside: Peter McGuire

Peter McGuire, CEO, XM Australia, says coming to crude, “it had a tremendous run up and also when you are thinking about where WTI is $85 plus, 85 and a quarter, and you have got Brent sitting at $89.10, I feel as though that $90 will be taken pretty quickly and I would not be … Read more

Crude oil prices rise to 3-month high. What’s next?

Crude oil prices rise to 3-month high. What’s next?

Demand optimism amid production cuts by Opec-plus countries lifted global oil prices to three-month highs. The most active US NYMEX futures gained almost 17% in July, sending prices well above $80 a barrel level. Tighter supply and expectations that the US Federal Reserve is close to ending its monetary tightening cycle, also aided the positive … Read more