Gold price pullback continues, but both WTI crude price and natural gas price rebound
Gold continues to lose ground, while oil and natural gas are recovering some of their losses.
Gold’s retreat continues
A third day of losses on Thursday took the spot gold price to its lowest level in two weeks, but buyers entered to defend $3200.00.
Early trading today has seen a small gain, though it is not clear that a low has formed. A move below $3200.00 would point towards further downside in the short-term, testing the early April high at $3160.00.
Spot gold daily chart
WTI claws back losses
The WTI crude oil price has recovered some of its losses, rallying back above $59.30.
A close back above $60.00 might suggest that a low has formed for the time being, and could see the price head back towards the late April highs around $64.00.
WTI daily chart
Natural Gas advances
The short-term rebound in natural gas has continued, though it ran into selling at 3600 yesterday.
Sellers will be watching for a reversal that pushes the price back below 3400, and could signal a move back towards 3000, the low from last week. Further short-term gains target the 3840 area.
Natural gas daily chart
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