CPM Trade Signal - April 15, 2024

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CPM Trade Signal recommends selling gold with an initial target price of $2,300 and an initial timeframe of April 15, 2024, to April 29, 2024. Gold prices reached a record high of $2,448.80 on April 12 but have since retreated. CPM expects prices to decline further, potentially by $80 to $100 or more over the next week or two. The world economy remains in positive GDP territory, and inflation is at more manageable levels than last year. However, there is still potential for prices to move higher based on speculative buying and increased political tensions. CPM projects further price increases for the second half of 2024 and into 2025. CPM offers one-month, three-month, and quarterly price projections in their Precious Metals Advisory subscription service.

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https://www.kitco.com/opinion/2024-04-15/cpm-trade-signal-april-15-2024