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Video: Gold in Middle of Week May 4-8, 2020

May 6, 2020 at 8:02 by Vladimir Vyun

In the present video, Phil Carr from The Gold and Silver Club talks about gold in the middle of the week of May 4–8, 2020. He starts the video with a reminder of how the metal reacted to the previous week’s monetary policy meetings of the Federal Reserve and the European Central Bank. Phil then speculates how bullion will behave going forward. For now, it looks like gold is under pressure and he expects range-bound trading and consolidation.

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