Brent Crude Around 80 Dollar Gold Trading Flat | Today Commodity Market News Outlook 18 May 2018.

Commodity Market News

Gold prices made modest gains on Thursday after touching their lowest level this year in the previous session, amid geopolitical uncertainty and a slightly weaker U.S. dollar.

Spot gold had risen 0.25 percent to $1,293.43 per ounce by 0255 GMT, after marking its lowest since December 27 in the previous session at $1,286.20.

U.S. gold futures for June delivery were 0.1-percent higher at $1,292.80 per ounce.

Crude oil prices edged higher in Thursday’s session and are currently trading near the resistance levels of 4,890. On the hourly chart, RSI has moved higher above 60-levels, indicating high momentum in prices.

A close above 4,890 will be positive for prices and we can expect them to touch 4,950-levels.

Prices of copper edged higher in Thursday’s session and are currently trading near the resistance levels of 464.

A close above 464-levels will be a positive for prices and we expect them to touch 468-levels on an intra-day basis.