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natural gas

The Gold & Silver Club | Commodities Trading | 119 - Diwali Demand Lights Up Gold Price

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LEARN TO TRADE COMMODITIES: http://bit.ly/GSCApplyNow GOLD / SILVER / PLATINUM / PALLADIUM / COPPER / CRUDE OIL / NATURAL GAS / COFFEE / CORN / SUGAR: Commodities Trading End of Week Review - 24th October 2014. Presented by: http://www.thegoldandsilverclub.com GOLD PRICE hit a six-week high this week on demand from Asia during the leading up to India’s Diwali Festival, which is the country’s biggest gold-buying occasion of the year. Since the start of the month, Gold has risen 6.17% from a low of $1182 an ounce to reach this week’s high of $1255 an ounce ahead of the Diwali celebrations. According to The World Gold Council India is predicated to import 850 to 950 tonnes of Gold this year. Elsewhere in the Energy markets, Oil prices rose on Thursday, after it was reported that Saudi Arabia trimmed production in September to boost the market. Saudi Arabia cut Crude Oil production by 328,000 barrels in September to a total of 9.36 million barrels. On the news, WTI advanced 1.84% to trade at $82.00 a barrel, whilst Brent Crude surged 2.51% to trade at $86.84 a barrel. Meanwhile, Soft commodities have continued to outperform this week. On Thursday Wheat surged 0.9% to trade at $5.27 a bushel, its highest price since early September. This pushes Wheat’s gains to 11% for the month so far. Corn also booked gains. The December contract was up 1.3% on Thursday, trading at $3.57 ½ a bushel. Watch Phil and Nik as they review the commodities markets, analyse charts in real-time and provide a trading plan for the week of 27 - 31 October 2014. Website: http://www.thegoldandsilverclub.com Facebook: https://www.facebook.com/thegoldandsilverclub Twitter: https://twitter.com/goldsilverclub