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Gold: Stuck in the Mud . . . But For How Long?

A reassessment of economic prospects and Fed policy in the weeks and months ahead could be just the turn of events that will support a springtime recovery in the price of gold, lifting the yellow metal up and out of its recent trading range.   Gold prices have been stuck in the mud, trading in recent weeks mostly between $1,175 and $1,225 an ounce. Unless some “outside-the-market” surprise comes along to push gold one way or the other, the yellow metal could remain range bound for weeks to come. Meanwhile, short-term fluctuations within this $50 an ounce trading range will continue to be ...

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Gold Insights on Recent Price Action

The past few weeks have been trying times for gold investors.  In mid-March, just when it looked like gold prices were set to break out into higher territory, the market shifted into reverse, leaving many investors and analysts wondering what was going on. To put some numbers on it, at its recent low point, gold was off some eight percent from its mid-March six-month high – and is continues bouncing around within the technically significant $1265 to $1305 range.  A breakout in either direction could set the market’s tone for the weeks ahead. That said, we’ve never put much faith in ...

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