(Kitco News) – Disappointing economic data, coupled with cooling inflation pressures, has pushed gold prices back above $3,200 an ounce. However, the precious metal is expected to continue experiencing heightened volatility as it maintains its long-term uptrend.In his latest note on gold, Fawad Razaqzada, Market Analyst at City Index and FOREX.com, said he sees potential for gold prices to drop to $3,000 an ounce in the near term.
