First published by Money Metals Exchange here: https://www.moneymetals.com/podcasts/2023/12/08/gold-price-takedown-after-historic-breakout-raises-eyebrows-002884
<p><img src='https://www.moneymetals.com/uploads/content/youtube-thumbnail-mikegleason-social.jpg'/></p>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&#039;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.