Gold (XAU)
Key news events today
FOMC Member Harker Speaks (2:30 pm GMT)
FOMC Member Harker Speaks (8:30 pm GMT)
What can we expect from Gold today?
Federal Reserve Bank of Philadelphia President Patrick Harker is due to speak at two events today – first at the Mortgage Bankers Association Annual Convention in Philadelphia where he will touch on the economic outlook of the US and then at a webinar hosted by the National Association of Corporate Directors. His remarks could have an impact on the US dollar and thus drive the direction for gold prices later today.
Next 24 Hours Bias
Weak Bullish
Oil
Key news events today
No major news events.
What can we expect from Oil today?
Crude prices rose strongly last Friday with WTI oil gaining over 5.0% to close within a whisker of $88.00 per barrel. However, WTI oil gapped lower to open at $86.37, falling under the $86-level briefly before rebounding as high as $86.50. The on-going geo-political risks in the Middle East remain elevated and any further developments from this region could act as a bullish catalyst for crude.
Next 24 Hours Bias
Weak Bullish