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Gold Remains in Near-Term Downtrend

COMMODITIES

Both Brent and WTI crude futures sit slightly lower at the NY crossover, while gold remains fragile on a medium-term basis. Gold remains in a clear short-term downtrend and last week’s extension reinforced bearish conditions. Support at $1727.8, Aug 22 low has been breached to confirm a resumption of the bear cycle. The break lower paves the way for weakness towards $1681.0, the Jul 21 low and a key bear trigger.


  • WTI Crude down $0.41 or -0.47% at $86.55
  • Natural Gas down $0.12 or -1.42% at $8.029
  • Gold spot up $1.79 or +0.11% at $1704.91
  • Copper down $1.75 or -0.51% at $345.15
  • Silver up $0.16 or +0.88% at $18.1961
  • Platinum up $3.55 or +0.41% at $860.88

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