"Gold appears today to be at a historic crossroads between continuing its upward trajectory and a potential correction warning. While the current moves represent a real opportunity for traders, the risk of a bull trap remains high. Prices have approached roughly $3,680-3,850 per ounce, after the yellow metal registered a fresh all-time high near $3,681.63 on Monday, reflecting strong underlying momentum."
"Investors are also watching for the impact of other monetary policy announcements this week: the Bank of Canada, the Bank of England, and the Bank of Japan all have meetings that could disrupt gold's temporary consolidation. Any surprises - especially if the BoE or BoJ adopt a more hawkish tone on inflation risks or growth concerns - could lift the dollar and trigger capital flows away from gold."
Gold has climbed to roughly $3,680–$3,850 per ounce after a fresh all-time high near $3,681.63, and is consolidating in a narrow range at elevated levels. Markets are awaiting central bank decisions, especially the U.S. Federal Reserve widely priced to cut rates by 25 basis points, amid mixed U.S. data showing softer labour signals but sticky inflation. A cautious dovish Fed could push gold toward $3,700–$3,750, while hawkish surprises from other central banks or a stronger dollar could pressure prices. Ongoing geopolitical tensions in Ukraine, Russia, and the Middle East provide safe-haven support that may limit deep pullbacks.
Read at London Business News | Londonlovesbusiness.com
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