As of Tuesday morning, spot gold was holding just above that psychologically loaded threshold, with all eyes turning to the Federal Reserve whose two-day policy meeting kicked off today. The committee faces a treacherous balancing act: oil prices up more than 50% in the past month due to the ongoing Iran conflict are stoking inflation fears, while slowing consumer spending argues for the opposite approach. The number itself is almost secondary to what it represents. A clean break below $5,000 would be technically significant and psychologically damaging for gold bulls — and the forces pushing in that direction are ... (full story)