Gold continues to hover near a 7-week high after a decisive breakout, powered by the Federal Reserve’s dovish stance and a sharp decline in the US Dollar. With markets now pricing in two rate cuts in 2026, the environment remains highly supportive for precious metals.
The breakout above the key 4245–4250 zone has opened the door toward 4300, with a potential retest of the all-time high near 4380 if momentum sustains. While risk-on sentiment in equities is causing a minor pullback, the broader structure for Gold remains firmly bullish.
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