GOLD UNDERPINNED AS ODDS OF BRAINARD BECOMING FED CHAIR INCREASE
Gold is once again back at familiar resistance as the latest uptick stems from rising odds of Fed’s Brainard becoming the next Fed Chair. A reminder that in light of last week’s reports of Fed’s Powell and Brainard meeting Biden at the White House, gold closed at its highest level in two months. While overnight, source reports noted that Brainard had been interviewed for the Fed Chair position and thus keeping the precious metal elevated.
