Gold Tops $2,500: A Technical View

By Paul Wong, CFA, Market Strategist
Gold has surged above the psychological $2,500 level, driven by factors not easily explained by traditional market variables, suggesting possible central bank or sovereign activity rather than usual market dynamics. The long-term bullish pattern in gold's technical charts indicates momentum toward the $2,600 level, with potential for further advancement to the $3,000-3,300 range based on Fibonacci projections.

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New & Noteworthy

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It’s back-to-school time, and we could not think of a better guest than Arjun Murti. With over 30 years on Wall Street covering the global energy sector, Murti could write a textbook on the topic, and joins host Ed Coyne for a far-ranging conversation on global energy and how energy security shapes our lives.

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What happens when tech tops out?

The AI Revolution and Data Centers: A New Frontier in Energy Demand

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