Gold Price Ends 6-Month Correction as Bulls Reclaim Key Trendline

Gold traded at $4,643.95 on Monday, marking a three-month peak following a rally of approximately 17% from its July low. December COMEX futures surpassed $4,700 for the first time in more than three months, signaling renewed investor interest in the precious metal.
The recovery marks the conclusion of an extended correction that commenced at a January record of $5,598 and persisted for roughly 26 weeks. Technical analysis indicates the downtrend has been broken on both weekly and daily charts.