Gold and the US economy
From Senior Economic Advisor, Jeffrey Nichols:
A reassessment of economic prospects and Fed policy in the weeks and months ahead could be just the turn of events that will support a springtime recovery in the price of gold, lifting the yellow metal up and out of its recent trading range.
Gold prices have been trading in recent weeks mostly between $1,175 and $1,225 an ounce. And, unless and until some “outside the market” surprise comes along to push gold one way or the other, the yellow metal could remain range bound for some weeks to come.
Meanwhile, short-term fluctuations within this $50 an ounce trading range will continue to be “data driven.”
With the release of most every economic indicator, gold traders and investors...