Gold Talking Points News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Gold prices dominated the headlines in the early portion of this week as the Yellow metal showed a strong breakout beyond the $2,000/oz psychological level. While this wasn’t the first time that gold has traded above that price, there hasn’t been a lasting move yet, and this begs the question as to whether we’re seeing a longer-term range test of resistance, or whether bulls are putting in the prelude to what could develop into another fresh all-time-high.

Gold prices currently remain below the key psychological level of $1,900 as Fed expectations continue to keep bulls in check.

The bullish trend in Gold continues to hold even as bulls have begun to face a bit of turbulence around the prior ATH of 1923.

Despite the Fed’s own forecasts for a peak rate above 5.00 percent benchmark and reiteration of no cuts in 2023, the markets continue to price in a more dovish view

It’s been a banner year for FX volatility, pushed along by a massive trend and its subsequent pullback in the USD.