Gold futures saw a second day of higher prices but struggled to break key resistance levels as central bank policy remains a primary headwind. The Federal Reserve, Bank of England, and ECB all held rates steady this week, signaling a "higher for longer" stance that continues to pressure non-yielding assets. Despite these headwinds, Gold futures are finding support from record-breaking demand. According to the World Gold Council, Q1 2026 saw total demand rise to over 1,230 tons, with structural buying from central banks and Asian investors providing a firm floor. Bar and coin demand specifically surged 42% to 474 tons, marking the second-highest quarterly figure on record. Bob Iaccino analyzes the technical levels and policy shifts impacting the precious metals market.