Video News/Market Analysis

Gold just posted a 33% gain since December and briefly broke above $3,500 an ounce, but now it's pulling back toward the $3,300 level. According to veteran technical analyst Gary Wagner, this rally is “more than significant” and unlike anything he's seen in recent decades. In this interview, Gary Wagner, Editor of TheGoldForecast.com, joins Kitco News Anchor Jeremy Szafron to break down gold’s recent parabolic move, why $3,300 is acting as a strong support zone, and how traders are repeatedly buying dips near that level. Wagner explains how this rally compares to historical moves, why dollar weakness explains only part of the surge, and why this consolidation may be building strength for the next leg higher. He also explores the breakdown in traditional correlations - including gold’s decoupling from Treasury yields - and the technical implications of repeated lower wicks, smaller daily candlestick bodies, and strong market absorption around $3,300.