Gold and Silver Break Out as Geopolitical Tensions Intensify
Key Takeaways: Gold breaks above $4,475 as geopolitical tensions intensify, with silver following at $66.38. CFTC positioning shows bullish sentiment, while central bank buying and Asian physical demand provide fundamental support. Technical levels point to $4,400 target for gold and $67.00 resistance for silver.
Gold and silver are breaking out as geopolitical tensions intensify across the Middle East. The safe-haven trade is back in force, with gold pushing above $4,475.30 and silver surging toward $67.00. This isn't just speculation, the positioning data, physical demand, and macro backdrop all point to further upside.
The CFTC Commitment of Traders report shows a clear bullish shift in pre…
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