According to Société Générale’s FX analysts, gold’s recent rally has stalled below the key $3,500 mark, with a lower high forming at $3,435. Technical indicators show weakening momentum, with the daily MACD pulling back from multi-month highs and dipping below its trigger line. This suggests a temporary consolidation phase in gold’s uptrend. For the rally to resume, gold would need to break above $3,435, while near-term support levels are identified at $3,200 and $3,140.

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Gold/Silver Ratio Hits 61.1 — Silver’s Turn to Run
Silver is outpacing gold for the second straight day as the gold/silver ratio compresses to 61.1. With a six-year supply deficit, stagflation signals, and central bank buying accelerating, silver’s structural case is finally finding its moment.




