Brent may test $78 levels: Bhavik Patel of Tradebulls Securities

With most additional supply being gobbled up very quickly, gas prices will likely stay at elevated levels for the foreseeable future

Gold saw another sell off last Friday as the US dollar and the US Treasury yields climbed higher. Flows into gold have slowed after the precious metal failed to breach the $1,900 an ounce level despite higher-than-expected inflation numbers and a disappointing employment report out of the US. Right now, the gold market is at a rest stop. Last week, both retail investors and Wall Street analysts were bullish on gold however, sentiment among analysts has been losing some conviction as prices closed last week below $1,900 an ounce.

Hedge funds are starting to take some profit off the