Metal Markets Report For Wednesday, May 27

Gold reached a key 200-day moving average target as markets anticipate critical GDP and durable goods data.

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Source: DepositPhotos

Ira Epstein discusses the recent developments in the metal markets, highlighting that the June gold contract reached his target at the 200-day average level of 4435. He also mentions a limited-time sale on his courses and research plans, offering a 40% discount.

Epstein covers upcoming economic data releases, including GDP, personal income, and durable goods reports, noting the impact of Memorial Day on the schedule.

Additionally, he reflects on geopolitical tensions, particularly regarding Iran's influence over the Strait of Hormuz and the implications for global oil prices, emphasizing the market's anticipation of a potential compromise.

Video Length: 00:07:50

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