Supreme Court Case Adds Fuel to Gold Rally

Gold has surged nearly $410 in the past four weeks, touching ~$3,750 today after another $60 gain. The metal continues to shine as one of the strongest-performing assets, supported by political risk, doubts over central bank independence, and powerful technical momentum.

Political Risk Driver

The U.S. Supreme Court has scheduled arguments for December on whether President Trump can remove Fed Governor Lisa Cook and potentially replace her with another loyalist, such as Stephen Miran. A ruling in favor of expanded presidential authority could set a precedent for broader dismissals at the Federal Reserve, further fueling safe-haven demand for gold.

Technical Outlook

• Support levels: $3,660 (near-term), followed by the breakout zone around $3,515.

• Momentum: Recent candles reflect strong buying with shallow pullbacks, keeping bulls firmly in control.

As long as these supports hold, the broader bullish structure remains intact, and political uncertainty could act as a fresh catalyst for another leg higher.