gold prices stabilize as crude oil recovers and natural gas rises

IG

Gold prices have seen a significant decrease, falling about 3% after Donald Trump was elected as the 47th president of the United States. The price reached a three-week low of $2,644.00 per troy ounce.

Buyers have entered the market, with support seen at the early October low of $2,605.00. Resistance is now identified at $2,694.00, along with the late September high of $2,685.00.

In the crude oil market, prices are recovering from recent losses. A rise above this week's high of $72.42 could lead to further gains towards the July-to-November downtrend line at $75.92. Minor support is noted at the 18 October low of $68.22, with previous highs from late September and October at 72.29 to 72.30 also in focus.

US natural gas prices are stabilizing after recovering from a low of 2.665. For a significant upward movement, prices need to surpass Tuesday's high of 2.903, which would bring the June high of 3.016 back into consideration. Support levels are identified near Wednesday's low of 2.756, with a more substantial support zone between 2.665 and 2.636.

Trending
Subcategory:
Countries:
Companies:
Currencies:
People:

Machinary offers a groundbreaking, modular, and customizable solution that provides advanced financial news and statistical analysis. Our platform goes beyond traditional quantitative analysis, offering users a comprehensive understanding of real-time market dynamics, event detection, and risk analysis.

Address

Newsletter

© 2025 by Machinary.com - Version: 1.0.0.0. All rights reserved

Layout

Color mode

Theme mode

Layout settings