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Gold Rally Pauses - Where to Next?
Gold prices have been on a solid run over the last two months with the futures market logging a roughly 15% gain from the December lows. Rising global uncertainty linked to Trump’s second presidency has been the key driver behind the move higher. However, with trade war risks fading, Israel and Hamas maintaining the ceasefire, and now the prospect of an end to the Russia-Ukraine war, gold prices are pausing for now while traders assess these shifting conditions. Away from developments in the geopolitical environment, traders are also monitoring incoming USD data with regard to its impact on the Fed outlook. A ... (full story)
