Gold 
“Gold prices continued their move higher over the course of March, breaking several record highs along the way. Prices ended the month with an intraday record high of $3,132.50, basis the nearby active Comex contract, and settled at $3,122.80, also a fresh record.
Prices continued to rise on the first day of April, but then saw a brief pullback starting 2 April, which took prices down to an intraday low of $2,970.40 by 7 April. There were a variety of factors that caused the pullback in gold prices during early April, which included gold prices being extremely overbought, an announcement of U.S. reciprocal tariffs on 2 April (a “buy the rumor, sell the news” event), completion of the April Comex gold contract roll into the next active June contract, and liquidation across assets in a rush to cash as markets digested the negative economic consequences of the “reciprocal” tariff announcement.”
The full Precious Metals Advisory report is available directly from CPM Group. For more information, visit their website, www.cpmgroup.com
*This information is solely an excerpt of a third-party publication and is incomplete. Please subscribe to the referenced publication for the full article. This is not an offer to buy or sell precious metals. Investors should obtain advice based on their own individual circumstances and understand the risk before making any investment decision.
