Looking back from $2,150 

Powell reinforces position that the Fed is not ready to start cutting interest rates

Gold extends record run as rate cut bets gain ground
https://www.cnbc.com/2024/03/06/gold-holds-...-testimony.html

Gold has pulled a small trigger before the Feds. 
Even the gold analysts are scratching.

https://www.kitco.com/news/article/2024-03-...ng-explanations

Has gold jumped the   the easing gun?

I still think so with all the money printing today. The caveat is you have hold it long term. If you try to time and trade, that is a different story altogether,
My feeling is it will go higher after the Feds ease. Of course not in a straight line.

Every morning is with GOLDEN sunshine past week.
When Feds ease. means the economy and business activities can pick up again, and therefore commodities are in vogue again.

Another record high at $2,150.90

And you too mate! 

Update. $2168. 

09/03/2024
999 Gold - RM 380/gm(+10)📈
916 Gold - RM 365/gm(+10)

Up up ⬆️ 🆙

Most likely correction incoming. Good time to buy the dip.

Slight correction to beat out the weak hands. 

This useless piece of metal that i bought for RM11,500 can almost buy a Honda HRV soon. 

Inflation rate isn't dropping hence price of gold keeps going up & currencies are losing purchasing power.

The last time when the Feds eased after tightening lots was in 2009. Gold went up from $680 to $1900 in 2 years.
Will it happen again? 

$2280/RM348

new middle east tensions.

$2300/RM350 within reach.

better go slow, let it consolidate, rise again.