Audio: Gold Price Takedown After Historic Breakout Raises Eyebrows | December 8th, 2023

Well, after appearing to be set for a big breakout, the gold market has settled back into a trading range -- at least for now. Gold had posted a new all-time closing high on a monthly as well as a weekly basis last week. With such powerful technical strength, a follow-through rally early in this week's trading seemed inevitable. And indeed, prices did spike to over $2,100 per ounce in futures trading before Monday’s U.S. market open.