Gold continues to be pushed higher as risk adverse traders may be adding to the precious metal’s climb. Crude Oil remains under pressure and is near important support levels this morning.
Gold: Early Gains Again this Morning
Gold continues to accomplish noteworthy gains upon the Asian markets openings this week. The precious has been pushed higher again in the past few hours and is near 1335.00 U.S Dollars an ounce. The rise in Gold may be a push from investors worried about inflation, but it also may be risk adverse traders
Crude Oil: Deep Pockets Needed While Looking for Reversals
Crude Oil has remained under headwinds as it trades above 59.00 U.S Dollars a barrel. The question is if this level can and will provide support. U.S Crude Oil has provided traders with a solid trend the past few months higher, but the past two weeks have seen the downside become prevalent. Traders with deep pockets may look for reversals higher.