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Gold Forecast: Gold Rebuilds Uptrend After Shockwave Ahead of Fed and GDP Data
After a historic surge and sharp correction, gold is stabilizing above $5,000 as investors look to this week’s economic data for renewed direction. A Historic Surge — Then a Violent Reset The past fortnight has delivered one of the most dramatic episodes in modern precious metals trading. Gold powered through the psychological $5,000 level for the first time in history and accelerated toward an intraday peak near $5,998. The rally was fueled by geopolitical uncertainty, aggressive speculative positioning, and expectations that global central banks could soon shift toward more accommodative monetary policy. Yet ... (full story)