Navigating the Volatility: Insights on Gold and Silver Trading Levels.

Despite a three-day rally that pushed gold prices to a fresh 13-month high above $2,050 an ounce, the precious metal is just not ready to break to new all-time highs or below $2,000. Economic data has helped to solidify expectations that the Federal Reserve remains on track to raise interest rates another 25 basis points next month. Despite stubborn inflation, markets still see the U.S. central bank cutting rates in the second half of the year; these expectations are building a solid floor in the gold market.