11 September 2024
Gold is poised for a potential breakout above its recent trading range, with prices approaching the upper limit of $2,530. Technical indicators suggest bullish momentum, though some caution remains. A successful breach could lead to new all-time highs, while failure may result in a pullback. The upcoming US CPI data release could be a key catalyst for gold’s next move, as investors weigh inflation trends and their impact on Federal Reserve policy.