While the #gold market forged a quasi-upside breakout yesterday the market has fallen back into a building consolidation zone largely situated between $2352 and $2285.
In general, we suspect gold and #silver will continue to benefit from geopolitical flight to quality buying (especially with the Israelis launching their attack on the southern city of Rafah) and somewhat less from the dovish pivot in sentiment toward US interest rates following last week's data.
However, the bull camp should be very discouraged with the lack of gains in gold and silver this morning given the Israeli offensive...[MORE]
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