Gold’s Pause: A Moment of Hesitation or a Bearish Signal?

After surging to a six-week peak of $4,240 per ounce, buoyed by expectations for a Federal Reserve interest rate cut in December, the gold market experienced a sudden reversal. On Tuesday, the precious metal shed one percent of its value, slipping below the psychologically significant $2,200 threshold. This pullback has market participants questioning whether the move represents simple profit-taking or the first signs of a deeper correction. The coming trading sessions are likely to provide crucial direction.

Even as some private investors cash in gains following the recent rally, institutional buying continues unabated. A key driver is the sustained accumulation by global central banks. According to the World Gold Council, net Read more...