Over the last few weeks, it has been a fierce tug-of-war between the British Pound and the US dollar.

After the spectacular bearish move on Monday 4th December, gold is back in bearish territory.

Some of the world’s largest central banks are set to make their final rate decisions for 2023. Given how this will be topped off with ‘Triple witching day’ for US markets, it may be wise to fasten your seatbelts for a wild ride!

Gold kicked off Monday shooting for the stars, soaring more than 3% to create a fresh all-time high above $2130 before surrendering most of those gains.