Gold futures are trading fractionally higher on the day. As of 4:40 PM Eastern standard time the most active April Comex contract is currently fixed at $1331, which is a net increase of $1.50 (+0.12%) on the day.

Last week gold prices reached their highest value of 2019. Prior to that the record high this year was at approximately $1331, and was achieved on January 30.

The questions market participants who follow and trade gold should be asking after yesterday’s dynamic selloff is whether or not this price decline was the beginning of a correction? A small dip to be followed by consolidation? Or a one and Done?