01 April 2024 – 09:26 Central Euro Time

The BEGOS Markets’ Metals Triumvirate are all above today’s Neutral Zones, as is the Spoo; none of the other components are below same, and volatility runs from light-to-robust, Gold already having traced 102% of its EDTR (see Market Ranges). Gold, with its fresh June premium, is now 2281, within 100 points of our forecast high for this year of 2375; The Gold Update remains a bit wary of Gold being technically over-extended near term; too therein, February’s PCE data (reported during Friday’s holiday) confirms a five-month rising trend of inflation by that metric. Regardless, the Spoo at present (5330) is poised such that the S&P 500 would open at a record high. Due for the Econ Baro is March’s ISM(Mfg) Index and February’s Construction Spending.