Gold Holds Above $4,400 as Silver ETFs Rally 2.3%
Gold futures held above $4,400 on Thursday, trading at $4,472.70 as central bank buying continues to underpin physical demand. Silver ETFs showed relative strength, with SLV jumping 2.27% to $60.72 despite silver futures dipping 0.25% to $68.47. The divergence between paper and physical markets suggests industrial demand is picking up even as safe-haven flows moderate.
Key Takeaways Gold futures rose 0.27% to $4,472.70, holding above $4,400 support. Silver ETF (SLV) surged 2.27% to $60.72 on strong industrial demand outlook. CFTC data shows managed money net long gold at 950 contracts with zero shorts. CFTC positioning data as of September 1 shows managed money is firmly net long gold, holdin…
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