The gold market has attracted lots of attention since the yellow metal broke out of its long-term trading and consolidation range in June 2019. Gold had traded in a band from the December 2015 low at $1046.20 to the July 2016 high at $1377.50 since 2014. When the US Fed told markets to expect interest rates to fall by the end of 2019 in June, gold moved above the top end of the trading range.
In early September, gold rose to its highest levels since 2013 when the nearby COMEX futures contract reached $1559.80. While