The U.S. Comex gold futures ended at $1,182.40 at the end of April and fluctuated between $1,174 and $1,224.
As we come to the end of April, we would like to remind our readers to stay cautious over the course of next week impending release of key economic data.
Regarding Precious Metals, we continue to see that the bear rout will continue and it is biding time for the next breakout.
As we approach the end of the quarter, the global economy has set the fertile ground for more growth. Cutting interest rates and extended stimulus has been the prime action taken by several countries – notably in South East Asia.
Central bankers are facing the most difficult task – balancing the economy which is on the verge of deflation or pumping it with cheap money to reflate the stitch up economic bubble.