COMMODITY REPORT: Gold Price Forecast: 16 April 2019 - Gold Hits 3-Month Low - Where Next For Prices? [Video]

Phil Carr The Gold & Silver Club

Gold prices fell to a 3-month low on Tuesday as the dollar gained after reports that a significant minority of European Central Bank Policymakers think the bank's economic projections are too optimistic, weakening demand for safe-haven bullion.

Meanwhile Hedge funds and money managers increased their bullish bets in Gold in the latest week.

Where are commodity prices heading next? Watch The Gold & Silver Club review Gold with the latest price forecast and predictions:

Author

Phil Carr

The Gold & Silver Club

Phil is the co-founder and Head of Trading at The Gold & Silver Club, an international Commodities Trading Firm specializing in Metals, Energies and Soft Commodities.

EUR/USD trims gains, back below 1.1800

EUR/USD now loses some upside momentum, returning to the area below the 1.1800 support as the Greenback manages to regain some composure following the SCOTUS-led pullback earlier in the session.

GBP/USD off highs, recedes to the sub-1.3500 area

Following earlier highs north of 1.3500 the figure, GBP/USD now faces some renewed downside pressure, revisiting the 1.3490 zone as the US Dollar manages to regain some upside impulse in the latter part of the NA session on Friday.

Gold climbs to weekly tops, approaches $5,100/oz

Gold keeps the bid tone well in place at the end of the week, now hitting fresh weekly highs and retargeting the key $5,100 mark per troy ounce. The move higher in the yellow metal comes in response to ongoing geopolitical tensions in the Middle East and modest losses in the US Dollar.