Get 40% Off
🚨 Volatile Markets? Find Hidden Gems for Serious OutperformanceFind Stocks Now

Oil And Gold: May 18th, 2015

Published 05/18/2015, 02:14 AM
Updated 04/25/2018, 04:40 AM

CL
Crude futures fell on Friday, but ended higher for the week boosted by the weaker dollar, as concerns over whether the recent rally in prices is running out of momentum persisted. Meanwhile, the dollar weakened across the board after a series of disappointing U.S. economic reports, including industrial production, retail sales and producer prices, dampened hopes for a second quarter rebound after a sharp slowdown in growth in the first three months of the year.

Oil Hourly Chart

GOLD
Gold prices pared back early losses to finish almost unchanged for the day on Friday, after a fresh round of disappointing U.S. economic data sent the dollar broadly lower. The drop in the dollar came after data showed that U.S. industrial production fell for the fifth straight month in April and another report showed that U.S. consumer sentiment deteriorated to a seven month low this month.

Gold Hourly Chart

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.