Commodities Brief – Gold prices capped at 1400 barrier, crude loses grip on 88.00 level

FXstreet.com (Barcelona) - Gold prices traded higher Thursday, testing the 1400 barrier. However at the onset of US trading, the yellow metal was rebuffed by this mark, easing slightly back towards USD $1395.00 per oz. in these moments. With demand once again being questions couple excessive oversold conditions, the market is likely to see more fluctuations and high volatility within to close out the week.

Silver stabilizes above 23.00
The white metal plunged managed to stabilize above the 23.00 level, despite a brief setback that drove lower towards 22.90 earlier during European trading. On the heels of mixed US data, silver is now settling at USD $23.31 per oz., off its highs of 23.58. Spot prices are stuck in a bearish consolidation, and only a breach of the 23.70 resistance or prolonged stability below 23.00 will alter this in the near-term.

Crude falls toward 87.00
WTI crude oil has been dealt another blow, driving the price down during the onset of American trading Thursday. Prices are now negotiating a spot price of USD $87.17/bbl, as the 88.00 barrier proved to be short-lived