Can the gold bugs make it five in a row this week? That will hinge on the Fed decision of course. Powell & co. will be the decisive factor in impacting broader market sentiment in trading this week and gold will be no exception.
Buyers made a play in a breakout of the consolidation range since the end of May, pushing price above $3,500. Since then, the upside momentum has stalled a little last week as we await the Fed this week. And the Fed looking to ease sooner than anticipated is just another tailwind to add to that
Gold stays poised in waiting on the Fed this week