Author: RandalMerideth

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Gold holds tight range as investors await Fed verdict

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Gold price breaches psychological mark above $1,500 as precious metal soars

The front-month WTI crude oil contract gained +2.9% while the Brent contract was up +1.99%. The Nymex RBOB gasoline contrac, however, fell -2.79%, after slumping -18.32% last Friday. Oil traders are cautiously monitoring the development of Category 5 hurricane Irma which is on course to make landfall in Florida at the weekend.

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Oil Prices to Remain Volatile as Irma Approaches