Today the chairman Powell continued the narrative that he and other Federal Reserve officials have been reinforcing, that the Federal Reserve is “in no hurry to cut rates”. 

Gold continues its dynamic rally moving to higher ground for the fourth consecutive day, with the last three consecutive days resulting in a new record settlement price.

Gold futures have advanced nearly $70 in the last two trading days. Beginning last Friday, gold opened at $2052.80, traded to a high of $2097.10 and settled at $2095.70 after factoring in a gain of $41.