Gold Reaches Record High of $2,600, Fed-Driven Surge May Be Temporary
Gold (XAU/USD) hit a new all-time high of $2,600 before retreating by approximately $55 per ounce. Moving forward, the gold market is expected to exhibit increased volatility, potentially favoring a bullish trend.
Currently, a retest of the $2,600 level appears likely. A break above this point could signal further bullish momentum towards $2,617. Conversely, if the price fails to sustain above $2,600, a downward movement could follow.
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