Where are gold prices headed?
- Gold and silver continue to be stuck in trading ranges, but last week’s move by Treasuries could help push the metals out of those ranges.
- A stronger dollar might limit any move to the upside as could a continuation of generally good economic reports in the U.S. that, last week, showed inflation rising.
- Demand from China and India are still key as we approach June, the worst month of the year for precious metals.
Gold and silver prices continue to be range-bound, for gold around $1,300 an ounce and for silver between $19 and $20 an ounce, but with the recent break-out for another safe-haven in Treasuries last week, it’s possible the metals will soon break free of their recent trading ranges as well. Unfortunately for gold bulls, Read the rest of this entry »