Gold has consolidated the past day and has maintained gains made early yesterday. Crude Oil has been confronted by headwinds, but it does remain within the higher boundaries of its long term range.
Gold: Precious Metal Consolidated as Bulls Lurk
Gold remains entrenched around 1325.00 U.S Dollars an ounce. After gaining early yesterday the precious metal has experienced a rather consolidated range. Investors may be using the whispers about rising inflation globally as a reason for remaining bullish.
Crude Oil: Still within Loftier Long Term Range
Crude Oil is below 60.00 U.S Dollars a barrel. And there is a growing discussion between Crude Oil backers who say the commodity will expand its demand, and those who say production of Natural Gas will keep Crude Oil under wraps. Although U.S Crude Oil has stumbled the past week, it has maintained it loftier long term range.