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Gold has little downside even as prices trade above $3,400 an ounce
Gold prices have broken out above initial resistance at $3,400 an ounce but continue to consolidate well below April’s all-time highs of $3,500 an ounce. Looking beyond near-term volatility, one strategist says the precious metal will continue to benefit from bullish cyclical and structural forces through the second half of 2025. In a recent interview with Kitco News, Roukaya Ibrahim, Commodity Strategist at BCA Research, said their model portfolio continues to maintain an overweight position in precious metals, including silver and platinum. However, gold remains the key asset, as all three are experiencing robust ... (full story)
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From @staunovo|Jun 13, 2025|22 commentsIranian media says Iran launched hundreds of missiles toward Israel https://t.co/x77bTPqI67 Air raid sirens sound again in Tel Aviv - Witness. Explosions Again Heard Over Tel Aviv, Multiple Explosions Heard In Jerusalem - RTRS Witness Nuclear facility in Dimona, Israel, has been hit by an Iranian strike - Witness Sources.
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- Jun 13, 2025 2:24pm Posted byFundamental Analysis308
