Gold Holds Above $4,400 as Central Bank Buying Provides Support
our gold coverage futures are holding above the $4,400 support level at $4,472.70, up 0.27% on Thursday, as continued central bank buying provides a structural bid for the metal. The price action shows consolidation near recent highs, with the metal finding support from emerging market banks diversifying away from USD holdings. Silver, meanwhile, is showing relative strength, up 2.27% on the day, driven by both safe-haven flows and improving industrial demand expectations.
Key Takeaways Gold futures (GC=F) rose 0.27% to $4,472.70, holding above key $4,400 support. Silver ETF (SLV) surged 2.27% to $60.72, outperforming gold on stronger industrial demand outlook. CFTC data shows managed money n…
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