Gold Continues to Hit New Record Highs. Forecast as of 13.08.2024

The XAUUSD's pullback on Black Monday was driven by speculative factors. The precious metal's uptrend remains strong, and its short-term prospects will be determined by US inflation data. Let's discuss this topic and make a trading plan.Highlights and key points The correction of XAUUSD was speculative. Since the beginning of the year, the precious metal has grown by almost 21%. Bulls' main advantages remain in play. Gold continues to climb towards $2500 per ounce.Weekly fundamental forecast for