(Kitco commentary) - Gold prices fell to $1,823.55 on Friday 6 October, within 0.2% of CPM Group’s last sell trade recommendation target, following the U.S. jobs report for September.
Time StampInitial Target Price / Range:$1,820Gold prices fell to $1,823.55 on Friday 6 October, within 0.2% of CPM Group’s last sell trade recommendation target, following the U.S. jobs report for September. Gold prices rose higher alongside various assets following the initial price decline on Friday. While the report had some elements that could be considered supportive of gold prices, for the most part the U.S.
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. While short-term trade recommendations provide high risk – high reward opportunities for investors, it is difficult to capture the complex web of factors affecting precious metals prices and the nuanced CPM analyses of these factors that goes into our firm's price projections. In addition to these short-term outlooks, CPM Group provides clients enhanced trade recommendations that include one and three month price projections, as part of our Retail Investor Program.
Discretion should be allowed at +/- 0.20% of the price at the time each TR is issued from the target. CPM Group wants to thank the following companies for helping us make these short Trade Signals available free of charge, and for their commitment to providing good information in opaque and asymmetrical commodities markets. CPM Group Contributing to kitco.com
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