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Transition From Debt Default And Dollar Demise To A Digital Bridge Currency Recovery  :: The Market Oracle ::

Gold price is consolidating the sharp pullback from fresh record highs of $2,144 reached in early Asia on Monday.

Gold price (XAU/USD) builds on its recent strong rally witnessed over the past three weeks or so and surges to a fresh record high, around the $2,144-2,145 region during the Asian session on Monday.

US Fed Chair Jerome Powell’s recent statements indicating a ‘soft landing’ for the US economy reinforced market expectations that interest rates will not be raised soon

Western Texas Intermediate (WTI), the US crude oil benchmark, is trading around $73.70 so far on Monday.

Here is what you need to know on Monday, December 4: Gold price hit a new record high near $2,150 at the weekly opening as markets reacted to escalating geopolitical tensions in the Middle East.

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