Quick Fundamental Outlook Gold prices reached new highs in Monday’s Asian trading, spurred by expectations of a potential Federal Reserve rate cut by March 2024. This rally is fueled by multiple factors, including easing inflation, weaker labor market data, and less aggressive signals from the Fed. Notably, copper is retesting the previously violated triple top pattern at $3.85, which now serves as a support level, potentially indicating a bullish turnaround if sustained above this threshold.