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Gold Breaks Bull Pennant #3 – Bulls in Control Ahead of FOMC
Gold prices broke out from a symmetrical triangle last week after US Treasury Secretary Scott Bessent said that Kevin Hassett was the frontrunner for the FOMC Chair position. That rally has since continued and with the Fed expected to cut next week along with another 50-75 bps in cuts next year, the same driver that’s been pushing the metal for the past two years remains in full force. It was the February CPI report last year that I think was the major tell. CPI in the US remained hot and there was real questions as to whether the Fed would be able to cut rates later in the year. On February 13th, another strong ... (full story)
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bosspin
Dec 3, 2025 10:23pm
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From fxstreet.com | Dec 4, 2025
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