10 April 2024 – 08:37 Central Euro Time

Yesterday (09 April) Gold achieved our forecast high price for this year at 2375; as you readers of the Gold Update know, at the beginning of the year we couched such call as “conservative”, and given some nine months now still remain in 2024, it well could be. Ahead of Stateside retail inflation, all eight BEGOS Markets are at present within their respective Neutral Zones for today, and volatility is very light, the average EDTR (see Market Ranges) tracing just 27% to this point. Looking at Market Profiles, we’ve trading support for the Bond at 117^22, the same for the Spoo at 5254, and for Oil at 85.20; Gold’s most dominantly traded handle of the past two weeks is 2304 and for the Euro ’tis 1.087. As noted, the Econ Baro awaits March’s CPI as well as the month’s Treasury Deficit, plus February’s Wholesale Inventories.