Gold bulls are refusing to give up, lifting the XAU/USD (Gold vs. the US Dollar) to fresh all-time highs. The yellow metal continues its record-setting rally, extending gains ahead of the highly anticipated Federal Reserve decision. Investors are keenly waiting for the Fed’s stance on future rate hikes, with potential bullish implications for gold should dovish tones reverberate. The technical structure also implies further gains after a productive consolidation period. Expectations for inflation and the ongoing geopolitical tensions continue to spur safe-haven demand for the precious metal. n nThe day’s focus will remain on the FOMC’s statement and forecasts, as traders gauge the likely impact on the dollar and consequently, on gold prices. As the macroeconomic scenario evolves, keep your eyes on the prize with the bright luster of gold! Read More
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