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May Is The Month Gold Rebounds, Says This Gold Bull

Gold prices are overdue for a rebound, and May is the month it will happen, according to Orchid Research.

Gold prices have been under pressure in April and the tide is about to turn for May due to the dovish Federal Reserve and lower U.S. dollar, the research firm said in a Seeking Alpha post last week.

“We continue to believe that the dollar will come under downward pressure in the course of May because inflation is subdued and the Fed will continue to guide the market toward a patient attitude about its hiking cycle, which has been in pause since last December,” Orchid Research wrote.

W Resources PLC (LON:WRES) is building a European mining company focussed on delivering long term production of tungsten, a key strategic metal with strong market fundamentals.

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Disclaimer: Statements in this article should not be considered investment advice, which is best sought directly from a qualified professional.