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GOLD AND CRUDE OUTLOOK: 18-12-2017

GOLD AND CRUDE OUTLOOK: 18-12-2017
December 21
01:55 2017

Gold’s outlook is weak due to strong dollar and weak demand.   US tax reforms and hiked interest rates kept the dollar firm.  Increased speculative interest in Bitcon also negatively affected gold price.  Gold has support $1235 per troy ounce and resistance at $1272 per troy ounce.

Crude outlook is positive and made 2 year high, but minor profit booking erased its early gains. US higher output of crude and lower demand of gasoline are the key reasons for the price correction. and  Crude is having resistance at 58.94 per barrel and support at $57.08 per barrel.

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ALEX MATHEWS

ALEX MATHEWS

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