Gold Takes Breather After Historic 5-Day Surge

Gold’s unprecedented five-session rally took a momentary pause on Thursday, with spot prices steadying at $2,867.93 per ounce after reaching an all-time high of $2,882.16. The precious metal’s momentum remains strong, driven by mounting concerns over U.S.-China trade tensions and their potential impact on global economic growth. While technical indicators suggest overbought conditions with an RSI of 76, market attention is focused on Friday’s non-farm payrolls report, which could influence Fed policy decisions. The interplay between trade war concerns, inflation expectations, and interest rate trajectories continues to shape gold’s outlook, with analysts noting that employment data could significantly impact price […]