Gold prices have been trending lower overall since peaking at a record $2,448.80 on 12 April. Prices recently fell to touch a low of $2,285.20 on 3 May before recovering. Prices have been consolidating since late April, with the potential to break in either direction.
CPM expects prices to head lower, but there could be another round of unexpected headline news that could push prices sharply higher once more. Prices could continue to move in a wide range. Should there be no market moving news prices would be expected to trend lower and retest support levels. While short-term trade recommendations provide high risk – high reward opportunities for investors, it is difficult to capture the complex web of factors affecting precious metals prices and the nuanced CPM analyses of these factors that goes into our firm’s price projections. In addition to these short-term outlooks, CPM Group provides clients enhanced trade recommendations that include one and three month price projections, as part of our Retail Investor Program.
is a commodities research, consulting, financialadvisory and commodities management firm providing independent research,analysis and advisory services related to commodities markets, corporate andproject finance, and the financial management of exposure to commodity orientedinvestments.
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