By: Anna Golubova
Gold prices will depend on the overall safe-haven demand in April, according to a number of analysts. Things to keep a close eye on this month include progress of the Trump administration or lack thereof, Federal Reserve commentary around interest rate hikes, and the first round of French elections.
“Apart from Fed commentary, a main driver for gold in April is safe-haven demand,” Vivek Dhar, commodity strategist at CBA, told Kitco News. “Gold can be lifted further in April if the U.S. economic growth targets and expectations disappoint. We’ve already seen a bit of that with Obamacare not being repealed.”
By: Anna Golubova
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