Crude oil edged higher toward $64 a barrel, aided by a weaker dollar, as traders monitored a patchwork demand recovery from the pandemic.
Weak Dollar
Gold Spot May Hit $1400 in ‘2019 on `Powerful Fuel’ of Weak Dollar
Gold Silver Reports (GSR) – Gold Spot May Hit $1400 in ‘2019 on `Powerful Fuel’ of Weak Dollar — The precious metal will start to rebound in the final quarter of this year to average $1,375 an ounce in the last three months of next year and could touch a high of $1,400, said Bart Melek, global head of commodity strategy at TD Securities in Toronto. That’s a level last seen in 2013.