Gold Price Forecast: XAU/USD consolidates near the $5,600 record high

LONDON (January 29) Another day, another all-time high for Gold (XAU/USD), which has been breaking records for nine consecutive days, showing a dizzying 20% rally in less than two weeks. The pair remains bid on Thursday, as the US Dollar seems unable to perform any significant recovery. Price action is hovering around $5,535 at the time of writing, with the $5,598 record high in sight.

Gold's rally remains unstoppable, driven mostly by generalised US Dollar weakness. Trump’s erratic trade policy, the contradictory messages about Washington’s Dollar policy, and the continuous attacks on the US Federal Reserve are eroding investors’ confidence in the Grenbeck

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