# Commodities Week Ahead: Gold Awaits Fed’s Cue; Oil Bulls Emboldened By OPEC | Investing.com Canada

> Gold was trading near $1,200 ahead of an expected Fed hike, while US crude held near $70 and Brent pushed toward $80. OPEC declined to recommend additional supply after Trump criticized high oil prices.

- Date: 2018-09-24 · published 2018-09-24T12:00:00.000Z
- Category: market · region Global · magnitude low
- Page: https://feedsoft.ai/events/62957-commodities-week-ahead-gold-awaits-fed-s-cue-oil-bulls-emboldened-by-opec
- Commodities: [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md), [Crude Oil (Brent)](https://feedsoft.ai/c/BRENT.md), [Brazilian Real (BRL per USD)](https://feedsoft.ai/c/USDBRL.md)

## Why it matters

OPEC's refusal to add supply keeps crude firm, which raises biofuel and freight costs that flow into feed pricing. Brazil's currency turmoil is also flagged as a driver for soybeans and other Brazilian exports.

## Read by commodity

- WTI: bullish ▲
- BRENT: bullish ▲
- USDBRL: bullish ▲

## Sources

- ca.investing.com: https://ca.investing.com/analysis/commodities-week-ahead-gold-awaits-feds-cue-oil-bulls-emboldened-by-opec-200197626

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.