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CPI Release Reinforces Gold Downtrend

COMMODITIES

Gold remains in a clear downtrend and yesterday’s move lower reinforces a bearish theme. Support at $1727.8, Aug 22 low has recently been breached - this confirmed a resumption of the bear cycle that started Aug 10. A bearish threat in WTI futures remains present following last week’s sell-off and break of support at $85.37, the Aug 16 low. The breach confirmed a resumption of the downtrend that started Jun 8 and also highlights the end of a broad sideways move that has been in place since mid-July.


  • WTI Crude up $0.15 or +0.17% at $87.44
  • Natural Gas up $0.07 or +0.86% at $8.351
  • Gold spot up $3.12 or +0.18% at $1704.06
  • Copper down $1.2 or -0.34% at $354.6
  • Silver up $0.17 or +0.87% at $19.4612
  • Platinum up $12.43 or +1.41% at $894.59
Energy BulletsCommodities
Energy BulletsCommodities

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