Oil And Gold Analysis: Oil Turns Higher, Gold Falls
ICM Brokers | Mar 31, 2015 06:30AM ET
CL
Crude oil futures turned higher on Monday, as market players continued to monitor developments surrounding talks between Iran and world powers over Tehran's nuclear program. Oil prices found support after Russia’s Foreign Minister Sergei Lavrov left Iranian nuclear talks in Switzerland on Monday afternoon to return to Moscow, fuelling speculation that western powers and Tehran will fail to reach an agreement before Tuesday's deadline.
GOLD
Gold prices fell to the lowest levels of the session on Monday, after data showed that U.S. personal spending rose for the first time in three months in February, while personal income topped expectations. The Commerce Department said that personal spending inched up 0.1% last month, below expectations for a gain of 0.2%, while personal income rose 0.4%, above forecasts for a 0.3% increase.
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