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