Gold has surged to record highs, breaking out of its recent consolidation range. The precious metal is now trading around $2,570, driven by optimism that the US Federal Reserve will make significant interest rate cuts next week

This breakout was anticipated by Jonathan Tacadena earlier in the week. On Wednesday’s “The Trade” segment, Jonathan highlighted the drop in historical volatility in Spot Gold over the last few weeks, indicating an increased chance of a volatility spike

• Mineral Resources (MIN)
  MinRes shares surged 16% as CATL’s suspension of lithium operations signals a potential market recovery.
• Steadfast Group (SDF)
  Steadfast faces scrutiny over alleged undisclosed “kickback” schemes, with shares halted pending further announcements.
• Uranium Stocks (BOE & PDN)
  Boss Energy and Paladin Energy shares rallied after Putin’s threat to cut uranium supplies raised concerns over global supply disruptions.
• Northern Star Resources Ltd (NST)
  Northern Star shares climbed over 4%, fueled by record gold prices and optimism about a potential US interest rate cut.

With the US Federal Reserve’s upcoming meeting and potential interest rate decisions, the gold market remains one to watch closely in the coming weeks.