HomeIndustriesCrypto2024 Year in Review: Crude Oil Stays Low, Gold ‘Killed’ by Trump Tariffs

2024 Year in Review: Crude Oil Stays Low, Gold ‘Killed’ by Trump Tariffs

Phil Streible discusses why despite geopolitical turmoil, crude oil stayed in a downtrend. The hurricanes in the U.S. played more of a role than global conflict, he says. He thinks traders should focus more on the technicals than the ‘emotion’ of headlines. On gold, he says, “Trump killed it with the tariffs,” and the Fed’s higher-for-longer direction punished it.

Market On Close

26 Dec 2024

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