Commodity Report: Gold Price Forecast: 28 May 2019 - Where Next For Prices? [Video]

Phil Carr The Gold & Silver Club

Gold prices inched lower on Tuesday, dropping for the first time in four sessions, as the dollar rebounded from multi-week lows amid simmering Sino-U.S. trade tensions and as bullion failed to surpass strong resistance.

Signals are mixed for spot gold as it failed twice to break a resistance at $1,287 per ounce.

However gold seems to have found a base around $1,270 despite failing to break much higher.

Hedge funds and money managers sharply reduced their net long positions in COMEX gold in the latest week.

Where are commodity prices heading next? Watch Phil Carr at 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.

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