Today’s bullish precious metal opening reinforced the expectation that the upward trend will continue on an intraday basis, with our next main target of $1,825 an ounce still ahead. He told a discussion panel on Friday that the Fed may start asset tapering soon but be patient with interest rate hikes since employment is still low. Likewise, Powell said employment remains low and that high inflation is likely to abate next year as the effects of the COVID-19 pandemic subside.