These trade recommendations are brought to you by CPM Group.
Due to market conditions, the views and positions of trade recommendations can quickly change. We strongly advise you to monitor our published trade recommendations on an ongoing basis.
Technicals: Gold prices remain in an upward trend. Profit-taking and the decline in prices recently should have been expected and was a buying opportunity. Uncertainty continues in the markets as equities have been declining over the past week and political discord in the U.S. continues to grow. Economic data continues to show expansionary conditions, which has caught many market participants by surprise. The government shut down and its negative effects remain to be seen and could prove damaging in the weeks or months ahead. Trade talks between the U.S. and China continue to cause concern and should be supportive of prices.