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Gold Might Be Frontrunning The Fed
Benzinga·2025-08-30 00:55

After surging to an all-time high of 3,500perounceinApril,goldhascooledoff,buildinganarrowbasebetween3,500 per ounce in April, gold has cooled off, building a narrow base between 3,200 and $3,400. Rather than signaling exhaustion, this consolidation has formed an ascending triangle, a pattern that often precedes an upside breakout.If that structure unfolds, gold could be on track for a decisive move to new highs, potentially opening the door to levels that traders have not seen before.Not Waiting For The FedMuch of the focus in financial markets naturally centers on t ...