Gold, Copper and Crude Oil Briefing
$GLD, $CU, $USO, $OIL
Crude Oil prices are up here for a while it seems, as the impact of US sanctions on Iran will be felt into the end of Y 2018, now working on Y 2019 forecasts.
From a geopolitical perspective combined with continued OPEC compliance, the path of least resistance looks North.
A weaker USD and perceived geopolitical risk have driven Gold higher overnight.
Some see the middle east ready blow up again, I do not see that.
The US CPI headline suggest that the Fed will maintain a dovish pace of interest rate normalization, which is providing some shine to the Gold market in here.
Have a terrific weekend
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