Iau stock price today forecast reveals technical consolidation

IAU stock price today forecast reveals technical consolidation between $46.20 and $47. Against this backdrop, below we highlight a few gold and silver bullion ETFs that could be tapped at relatively cheaper valuation. These investments may generate decent gains over the medium term. The precious metal commodity market is driving opportunities in its numerous moving parts. Trafigura Group , one of the world's largest commodity traders, has hired a team of seasoned gold and silver traders from MKS Pamp SA and OCIM to expand into doré markets. IAU stock price today forecast maps a bullish scenario if the USD index softens following dovish Fed commentary. Chartists eye the $47.90 region as next resistance, with stop-loss interest around $46.40 for risk control.