GOLD GOES ON A TEAR IN FED-FUELED RALLY, XAU/USD HITS $2,150 FOR THE FIRST TIME EVER

• Spot Gold bids set a new record high on Wednesday.
• XAU/USD touches $2,150 as markets devour Fed Chair Powell’s words.
• Fed’s Powell sees no recession, qualifies inflation outlook.

Spot Gold prices are pushing deeply into bullish territory on Wednesday, with XAU/USD setting a tentative all-time high at $2,150.00. Markets are bidding up Gold following the first of a two-day appearance from Federal Reserve (Fed) Chair Jerome Powell.