Spot gold prices have surged recently after the Federal Reserve’s decision to lower interest rates. Over the past two months, gold has maintained an upward trend that began last year. Any pullbacks have been brief, with recent weaknesses quickly met by buying as the US dollar declined. A significant decline would require a close below $2,550.
WTI Crude Oil Rally Stalls
WTI crude oil prices have paused after a rally that began in September. It remains uncertain if a reversal is starting. For a reversal to be confirmed, prices would need to close below $70. This could suggest a lower high, potentially leading to a drop back to September lows. Conversely, if prices close above $72, buyers would regain control.
Natural Gas Prices Hit Three-Month High
Natural gas prices soared on Friday, reaching their highest point since late June. This marks a strong recovery from August lows, and medium-term gains seem likely. The next target is the $3,050 level, which was seen in January and May. Sellers have struggled recently, and a close below $2,450 would indicate potential short-term weakness ahead.
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