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Market Tips: Buy Gold as It Nears $800

The price of gold has been buffeted in a broad trading range over recent months as investor sentiment has swung between extreme fear and cautious optimism. One expert told CNBC his strategy for playing the range in the price of gold.

Buy After the Gold Decline

In the longer term, gold prices are still looking positive, but investors should be cautious in the shorter term because the precious metal could dip to between $800 and $820 an ounce, John di Placido, oil trader and president of Energex, told CNBC.

Investors should look at dips as a buying opportunity, but sell when it reaches around $900 an ounce, he said.

Crude Prices to Stay Volatile

Expect crude prices to stay volatile in the next few months, between the high $40s to low $50s, Azlin Ahmad, editor, crude oil at Argus Media told CNBC.

Euro Under Pressure

The euro is likely to remain under downward pressure until the European Central Bank meets in May, John Horner, FX strategist at Deutsche Bank, told CNBC.

Bullish on Australian Dollar in Medium Term

John Kyriakopoulos, head of currency strategy at nabCapital, is bullish on the Australian dollar in the medium term. He explains his upbeat outlook to CNBC.

Buy on the Dips

As Lim Say Boon, chief investment strategist at Standard Chartered Group Wealth Management, recommends buying on the dips, he reveals to CNBC where the hot stocks and markets are in Asia.

Contact Europe: Economy

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