Gold prices reached a stunning record high of $2,942 but face the specter of a potential reversal ahead of Powell’s testimony. Analysts speculate whether the Federal Reserve’s stance will spark a correction or further fuel a rally. As investors weigh the implications of Powell’s comments on interest rates, gold maintains its allure, but the uncertainty may bring volatility. Traders should monitor these developments closely, as shifts in sentiment could lead to significant price actions in the gold market. The outcome remains uncertain as we prepare for this critical economic event.