Gold has come under pressure since Friday unable to push through resistance short term. Crude Oil has found additional momentum and advanced.
Gold: Another Leg Down for the Precious Metal?
Gold is trading near 1347.00 U.S Dollars an ounce. After experiencing selling on Friday, the precious metal has marginally gained early today. The commodity has not shown the ability to break through resistance, and traders who believe another leg lower is in the cards may attempt to sell Gold near term.
Crude Oil: Value to Attain in U.S Crude Oil
U.S Crude Oil has jumped in early trading and is above 62.00 U.S Dollars a barrel. The commodity has done well the past week and been able to fight off lows and retrace its mid-term range to higher foundations. Speculators may believe U.S Crude Oil has more value to attain near term.