Precision on gold & commodities
By Carlitos
Spot gold is trading around $4,640 per ounce, resuming its macro uptrend after a couple months of healthy consolidation following its previous peak near $5,475. When central banks are steadily accumulating and sovereign debt is expanding exponentially, expect gold to break new ATHs soon.
Meanwhile, energy markets are heating up. Keep an eye on Barchart’s crude oil updates. As these global conflicts drag on, I fully expect higher oil prices ahead as supply risks and macro liquidity get priced through physical commodities.
Energy markets are heating up. (…) I fully expect higher oil prices ahead.
