CPM Trade Signal - April 4, 2023
CPM Gold Trade RecommendationInitial Target Price / Range: $2,050Gold prices rallied today, firmly rising above $2,000, touching a high of $2,043 before easing as this Trade Recommendation was being written. The market appears to have reacted to the Job Openings and Labor Turnover Survey, which was at its weakest since July 2021. The weaker dollar and higher oil prices of the past two days added to the upward investor interest in gold and silver.
CPM has one-month, three-month ranges and eight-quarter quarterly price projections with greater discussion of the factors behind CPM’s analyses provided in CPM’s monthly subscription service, the Precious Metals Advisory.
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