Gold forecast: Q2 starts with a whimper amid trade war concerns

From forex.com

Gold kicked off the second quarter in style, surging to fresh record highs following a standout Q1 in which it climbed a hefty 19%. However, the metal then stopped and reversed sharply, falling along with risk assets last week. The precious metal’s loss of 1.5% on the week still looks impressive given the big 13% drop in silver or the 10% decline in the Nasdaq 100. Indeed, it was a brutal second half of the week for risk assets, which tumbled across the board. The near-term gold forecast has turned a little bearish, as the metal finally reversed course. Will gold go back below $3K? Looking ahead to the new week, ... (full story)