Gold futures today in gold futures today

In gold futures today, momentum indicators such as RSI (Relative Strength Index) remain in neutral territory around 55, hinting at potential breakout patterns if macro catalysts turn risk-off in nature. Gold’s massive record-shattering bull run over these past couple years has been epic.  Remarkably it has also been a single monster upleg suffering no correction-grade selloffs.  But gold has just rocketed back up into extreme-overbought territory.  That greatly ups the odds a considerable selloff is due to rebalance super-stretched technicals and sentiment.  The US dollar’s fortunes are a major risk factor for triggering one. Tens of billions of dollars in gold flows illegally out of Africa each year, a new report says Gold futures today stayed firm at $2,320 after China reported a surprise drop in exports. This fueled expectations of looser domestic monetary policy, which can boost gold demand regionally and globally.