Video News/In Focus with Jeremy Szafron

(Kitco News) - Gold's sharp intraday recovery following the Federal Reserve's hawkish hold is not yet a confirmed breakout, according to Gareth Soloway, Chief Market Strategist at Verified Investing. Speaking with Kitco News after Chair Kevin Warsh concluded his press conference, Soloway said gold needs a daily close above $4,100, followed by a second confirming close, before he would treat the day's more than $100 reversal as a genuine turn rather than a Fed-driven whipsaw. He argued the metal remains capped by a trend line running down from its all-time high and said sustained upside depends on continued dollar weakness. Longer term, Soloway pointed to a cycle model projecting a potential gold peak near $13,000 between 2029 and 2031, driven by rising global money supply and debt. He also flagged the semiconductor unwind, a possible S&P 500 breakdown, and rising credit-market stress as risks he is watching.