Gold has made fractional gains the past day but remains within its lower values. U.S Crude Oil has continued to build momentum as traders remain buyers.
Gold: Range Trading Opportunity for Traders
Gold is around 1314.00 U.S Dollars per ounce. The precious metal has climbed fractionally, but remains near vital support. Inflation numbers from the U.S could spur on some volatility, but for the moment Gold is providing traders a chance to take advantage of its limited range.
Crude Oil: Re-Developing Iranian Sanctions and Supply Shortfall
U.S Crude Oil has climbed again early this morning and the commodity has the 72.00 Dollars per barrel juncture within its sight. A combination about concerns regarding Iranian sanctions re-developing, and a shortfall in U.S Crude Oil Inventories has helped fuel the higher prices. And traders may remain buyers near term.