🚨🌟Gold Price To Recapture All-time High Despite Hawkish Powell? | Gold News & Chart Update

Gold surged last Friday, propelled by disappointing US economic data, and its upward momentum towards a fresh all-time high has persisted into this week, culminating in a peak of $2,141.8 per ounce yesterday. This brought the price of gold within a mere $3 of establishing a new record high.
Fed Chair Jerome Powell testified to the House Financial Services Committee today and according to CNBC reinforced the position that the Fed is not ready to start cutting interest rates.
00:00 Intro
00:08 Gold price news update
05:43 Gold price chart review
Sources: www.investopedia.com/why-did-...
www.cnbc.com/2024/03/06/powel...
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Nice video - but it is overbought RSI, not oversold - fwiw

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hawkish is always relative. He's hawkish compared to helicopter covid free money inflation bonanza, he's dovish compared to an actual free market/hard money economist.

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