Gold is having one of the best days of the year. The yellow metal has decisively broken the $4,200 per ounce barrier, signaling a likely close above the 50-day moving average – a key technical level.

As of 8:31 a.m. Moscow time, gold prices increased to $4,201.9 per ounce

Gold surges past July's consolidation, eyeing $4,200. With Fed anxiety and inflation fears looming, is a real breakout underway?