Precious Metals
Oil and Gold steady but risks to outlook remain
Oil stable for now but downside pressure remains Oil prices have stabilized in recent days, with WTI hovering around the $40 mark after coming under heavy pressure earlier this week. Prices remain vulnerable despite the fact that they have settled as the week has progressed. The risks to the outlook remain to the downside due […]

Oil stable for now but downside pressure remains
Oil prices have stabilized in recent days, with WTI hovering around the $40 mark after coming under heavy pressure earlier this week.
Prices remain vulnerable despite the fact that they have settled as the week has progressed. The risks to the outlook remain to the downside due to the rising Covid numbers across Europe which could necessitate further action from OPEC+ before the end of the year.
It could be this that has prevented oil prices falling further this week, after Saudi Energy Minister Abdulaziz bin Salman last week warned against shorting oil.
Gold hits two month low
Gold hit a two month low today and remains under pressure as support for the dollar continues to grow.
The yellow metal clearly has not lost its correlation with risk, with the dollar continuing to be the preferred save haven during times of turbulence. If the next month is going to be a challenge for risk markets, the dollar could have more downside to come yet.
The next barrier to the downside is $1,800, which could provide some support in the near-term.

Let’s Talk Diversity event series a success
Amid the current skills shortages facing mining organisations, there has never been a better time to consider how the industry can attract more talent….
Eye on Lithium: Battery production is set to pass 1TWh. We need 300TWh all up to be ‘fully sustainable’, Elon Musk says
Global battery production is on track to pass 1TWh in 2023 Zenith Minerals identifies a new lithium geochemical target at … Read More
The post Eye on…
Let’s Talk Diversity events a success
Amid the current skills shortages facing mining organisations, there has never been a better time to consider how the industry can attract more talent….
-
Base Metals24 hours ago
Aluminum Prices Pause Following Surge
-
Energy & Critical Metals17 hours ago
Newmont’s $24B Grab for Newcrest Highlights the Majors’ Increased Interest in Copper
-
Financing News16 hours ago
enCore Energy Closes C$34.5m Public Offering
-
News Releases18 hours ago
Wellfield Closes Acquisition of Tradewind Markets and Private Placement – Creates Transformational Platform for Precious Metals Investors and Producers
-
Base Metals19 hours ago
Fortescue signs mining convention for Gabon iron ore project
-
Uncategorized14 hours ago
Ultra Lithium drills 2.68% Li2O over one metre at Forgan Lake, Ontario
-
Companies19 hours ago
Asante Announces Significant Gold Intercepts From Its Ongoing Exploration Program at Aboduabo Prospect
-
Precious Metals11 hours ago
China Continues With Its Gold Buying Spree