Gold Prices Surge as Inflation Exceeds Expectations

A bullish reversal in gold prices triggered a sharp advance, testing resistance around the 2,009 interim swing low, with potential for higher prices in the coming days as long as gold stays above 1,990. The recent volatility spike and bullish breakout indicate buyers taking control, with key upside pivot areas at 2,015, 2,024, and the 50-Day MA at 2,031. A breakout above the 50-Day line could signal a completion of the current correction and lead to a bullish trend.