Goldman Sachs Physical Gold ETF Shares

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Gold slips below $4,600 as Fed rate pause expectations weigh, while silver holds its rising channel with RSI signaling momentum reset.

Gold declined in early Asian trade on a likely technical correction and possible profit-taking after front-month Comex gold futures settled at a record high overnight.

Gold printed another all-time high and is on track for a record close, reinforcing the bull trend as buyers defend rising moving-average support and target higher resistance zones.

Metals extended their dramatic start to the year — with gold, silver, copper and tin all hitting record highs — as investors piled into the commodities as a red-hot alternative to more traditional assets. Frenzied buying in China across multiple metals has stoked the recent moves, at the same time as investors have been seeking safe havens amid geopolitical flashpoints from Venezuela to Iran and the Trump administration's fresh attack on the Federal Reserve.

Ernest Hoffman is a Crypto and Market Reporter for Kitco News. He has over 15 years of experience as a writer, editor, broadcaster and producer for media, educational and cultural organizations.

Silver markets tested historic highs as rally continued.

Jim Wyckoff has spent over 25 years involved with the stock, financial and commodity markets. He was a financial journalist with the FWN newswire service for many years, including stints as a reporter on the rough-and-tumble commodity futures trading floors in Chicago and New York.

Ernest Hoffman is a Crypto and Market Reporter for Kitco News. He has over 15 years of experience as a writer, editor, broadcaster and producer for media, educational and cultural organizations.

The gold market continues to be very strong during trading on Wednesday, as the geopolitical risks and central bank accumulation continue to drive prices higher.

Jim Wyckoff has spent over 25 years involved with the stock, financial and commodity markets. He was a financial journalist with the FWN newswire service for many years, including stints as a reporter on the rough-and-tumble commodity futures trading floors in Chicago and New York.