Gold futures surpass key resistance that spot has yet to overcome
From kitco.com
Gold futures reclaimed the psychologically significant $5,000 threshold on Wednesday, with the April contract advancing $98.40, or 2.01%, to $5,005 at the time of writing — a meaningful technical victory that spot prices have thus far been unable to replicate. The move also saw futures recapture their 20-day simple moving average, a short-term trend indicator that had briefly given way just one session prior. The breach proved fleeting, underscoring the resilience of the broader uptrend. Indeed, since the start of 2026, gold futures have posted only two daily closes beneath this near-term average — a testament to the ...
(full story)