Gold Is Rangebound, Summer Will Present Opportunity

by Gerardo Del Real
Outsider Club

Gold remains rangebound and has for the past two months.

The robust gains during the first quarter have many proclaiming a new gold bull market.

Gold futures settled last Friday at $1,252 — down 1.6% — for a second straight weekly loss, as there are growing expectations of an increase of U.S. interest rates.

Silver saw an even bigger loss — of 3.5% — its lowest in about a month, also on concerns about dollar strength due to a raise in rates.

Continue Reading at…