Gold at session lows after New York manufacturing index declines beyond expectations in March

- Manufacturing activity in the New York region collapsed this month, according to the latest figures published by the New York Federal Reserve. - Gold and silver prices are higher in early U.S. trading Friday, with silver hitting a three-month high. Technical buying is featured to end the trading week, as the near-term price charts remain firmly bullish for both precious metals. A bullish pennant pattern has formed on the daily bar chart for April gold futures.

- Gold’s record-setting runup in price has made many investors very happy over the last couple of weeks, with the yellow metal setting new all-time highs again and again as it climbed above $2,190 per ounce. But, one subset of precious metals investors are still waiting for their ship to come in.Gold price to hit $2,535 by the summer as its breakout is ‘unambiguous’ - Midas Touch’s Florian Grummes

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