Gold and WTI crude oil face potential pressure into year-end. Energy prices and the Iran war are becoming key issues ahead of the US midterm elections, and gold may test the $4,000-an-ounce support level.
Gold and crude oil face potential pressure heading into year-end, as energy prices and the Iran war become key issues before the US midterm elections.
WTI crude has never ended a calendar year above $100 per barrel. US production costs, however, are estimated at around $55 per barrel.
Gold faces its own pressure. Rising interest rates and stronger political checks and balances could weigh on prices, potentially pushing them below the $4,000-an-ounce support level.
Investors will monitor energy prices, interest rates and election developments.
Source: Coinpedia Fintech News
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