Gold 
“Gold prices declined over the course of March. And while gold prices slipped lower than many market participants had expected, CPM Group had projected this decline. Prices began March trading above $5,000 for the first two and a half weeks. Following the Federal Reserve Board’s mid-March FOMC meeting, after which the Fed announced it was not reducing interest rates, gold dropped sharply, touching $4,100 in four trading days.
Gold then recovered to trade between $4,300 and $4,600 for the remainder of the month. Over the next few months gold prices are expected to move in a sideways but volatile fashion, with the potential for gold prices to rise back toward $5,000 and also slide toward $4,000. At the time of writing this report, gold prices were closer to the upper end of this range. Prices could potentially break above or below this range, with $5,200 acting as the next level of resistance and $3,800 the next level of support.”
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.
