The high volatility that was present in the gold markets during the past week, provided a rollercoaster ride for gold’s price, yet the precious metal’s price remained in a largely sideways motion. Today we are to discuss the fundamental challenges laid ahead for the precious metal, while we will be concluding this report with a technical analysis of gold’s daily chart. On the monetary front, we note that the Fed remained on hold as was widely expected. In its accompanying statement, the bank seems to be taking its time regarding the possibility of any rate cuts. Fed Chairman Powell in his press conference stated that ... (full story)