Second quarterly gain for Gold

Second quarterly gain for Gold

Gold rose on Friday for a second quarterly gain as the dollar eased on softer U.S. economic data, while Hedge Funds and money managers increased their bullish bets in Comex gold in the latest week.

Oil prices climbed 1% on Friday, posting the biggest quarterly rise in a decade, as U.S. sanctions against Iran and Venezuela as well OPEC-led supply cuts overshadowed concerns over a slowing Global Economy.

Hedge funds and money managers also raised bullish wagers on U.S. Crude in the latest week to the highest in more than 5-months as prices climbed over 30% in the last quarter.

Where are commodity prices heading next? Watch The Gold & Silver Club review Gold, Silver, Platinum and Crude Oil with the latest price forecast and predictions.

 

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