Benedict Shaw Ellison Reviews Gold at Record Highs with Fed Easing Signals and Long-Term Projections

Benedict Shaw Ellison is a seasoned financial analyst recognized for his in-depth research on global markets, with particular expertise in commodities and precious metals. Over the past decade, Ellison has become a trusted voice among traders and investors who rely on his analysis to understand the impact of monetary policy, geopolitical events, and institutional flows on gold. In his latest commentary, Benedict Shaw Ellison highlights that gold’s climb to fresh record highs reflects both macroeconomic shifts and structural demand from central banks.

Macro Perspective

Benedict Shaw Ellison emphasizes that the Federal Reserve’s upcoming policy decisions remain the most immediate catalyst for gold. With inflation moderating—August CPI printed at 2.9% year-over-year—markets are now pricing in a 25 basis point rate cut. Lower interest rates reduce the opportunity cost of holding non-yielding assets like gold, and this, combined with a weaker U.S. dollar, supports the bullish narrative.

Beyond monetary policy, Benedict Shaw Ellison points to central bank buying as a pillar of strength. Data shows that global central banks continue to add to their gold reserves at a historically elevated pace, reflecting confidence in gold as a long-term store of value. This institutional demand provides a stabilizing effect, reducing the probability of sharp corrections even during risk-on episodes.

Technical Analysis

From a technical perspective, Benedict Shaw Ellison observes that gold has been consolidating after spiking near $3,700/oz. The $3,650–3,660 range now acts as a short-term floor, while $3,700–3,720 represents key resistance. On the daily chart, the 50-day moving average sits around $3,420, and the 200-day moving average near $3,140, both trending upward. These rising averages confirm the broader bullish structure.

The Relative Strength Index (RSI) has eased from overbought territory, indicating room for renewed buying. According to Benedict Shaw Ellison, a sustained weekly close above $3,700 could extend gains toward $3,800 and beyond, while a drop below $3,650 may trigger a corrective move back toward $3,500.

Medium- to Long-Term Outlook

Looking 6–18 months ahead, Benedict Shaw Ellison outlines three potential paths:

●     Constructive base case: Gradual Fed easing, continued ETF inflows, and strong central bank demand could keep gold anchored above $3,500, with targets of $3,800 by end-2025.

●     Bull extension: Escalating geopolitical risks or sharper-than-expected rate cuts could push gold toward $3,900–$4,000.

●     Risk scenario: A hawkish Fed surprise or stronger dollar might drag gold back to the $3,300–$3,350 region.

Overall, Benedict Shaw Ellison concludes that gold remains a core portfolio stabilizer, with dips presenting long-term accumulation opportunities while traders navigate short-term volatility.