Gold: Market Opens with Gap Lower Amidst Market Turbulence

From dailyforex.com

Gold markets commenced Thursday's futures trading session with a significant downward gap, reflecting extremely bearish sentiment. The market continues to be characterized by heightened volatility and uncertainty; a situation that has become somewhat expected. The decision by the Federal Reserve to halt its rate hike cycle, mirroring similar moves by the Swiss and British central banks, both of which were anticipated to raise interest rates, has introduced a new layer of complexity to the gold market. While gold traditionally serves as a safe-haven asset, its current role does not align with this convention. The ... (full story)