CPM Trade Signal - February 28, 2023
Time Stamp Initial Target Price / Range: $1,800The path of least resistance for gold prices is lower. A slew of stronger than expected economic data has been putting upward pressure on bond yields and the dollar, while weighing on precious metal prices. U.S. employment data for February will be released this Friday.
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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