Crude Oil Feb 27 (CLG27.NYM)
- Yahoo Finance Video
Oil, gold, silver prices in focus: Commodity Check
Crude oil (CL=F, BZ=F) prices tick lower as energy traders await to hear how the Federal Reserve's interest rate decision could impact future oil demand. Yahoo Finance senior business reporter Ines Ferré monitors the price action occurring in commodity markets, including oil, gold (GC=F), and silver futures (SI=F). For more expert insight and the latest market action, click here to watch this full episode of Catalysts. This post was written by Luke Carberry Mogan.
- Yahoo Finance Video
Gold has been pricing in 50bps cut from Fed: Strategist
"I think a year-end price target for us is $2,750. And about a 12 to 15-month price target is $3,000," Blue Line Futures chief market strategist Phil Streible says about gold prices (GC=F). "And it's always been that pace of the interest rate cuts that happened. You don't want to see a big interest rate cut if you are a gold investor because of the fact that it gets you closer to that terminal rate faster. You want to see a long, drawn-out process." Streible joins Market Domination to talk about how the Federal Reserve's interest rate cuts could influence commodity prices, from crude oil (CL=F, BZ=F) and gasoline (RB=F) to precious metals like gold and silver (SI=F). "So I think gold futures are pricing in 50 basis points. That's why we're at this elevated level. If they only cut 25 basis points, I think we could easily see a pullback down to about $2,550. Kind of your line in the sand on the gold market is down at a $2,520 down to $2,500. If we close below there, it could send up some warning signs that, you know, things are going to be a little bit shaky here and there." For more expert insight and the latest market action, click here to watch this full episode of Market Domination. This post was written by Luke Carberry Mogan.
- Yahoo Finance
‘Serious energy deflation’ is coming whether Trump or Harris wins, says analyst
No matter who wins the election, energy prices are poised to drop.
