Huge News Coming Out Of China & India! This Will Change Everything For Gold & Silver - Vince Lanci

7 months ago
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Huge News Coming Out Of China & India! This Will Change Everything For Gold & Silver - Vince Lanci

Gold and silver posted significant gains in early U.S. trading on Monday, driven by safe-haven demand following significant fundamental developments over the weekend. February gold rose 19.40 to 2,679 dollars, while March silver surged 0.872 to 32.46 dollars, marking a four-week high.
Silver’s strong performance has garnered attention, with Vince Lanci highlighting a critical resistance level at 31.87 dollars, identified by Michael Oliver earlier this year. Lanci noted that silver surpassing this threshold could signal a bullish trend. Monday’s rally propelled silver well above the 31.50 dollar level and past the 50-day EMA, indicating renewed momentum. Analysts also point to the 30-dollar level as a robust support zone, bolstered by a recently formed double-bottom pattern and an ongoing uptrend, suggesting potential for further price increases.
The World Gold Council’s latest report highlights shifting dynamics in the Chinese gold market, with stable yet weaker jewelry demand offset by rising investment interest. China’s central bank reentered the gold market after a six-month hiatus, purchasing five tonnes of gold last month, bringing its official reserves to 2,269.
China’s renewed activity in gold comes as prices stabilize after a volatile period following the U.S. presidential election results. While gold prices have faced challenges recently, China’s strategic purchases reflect a long-term investment outlook that aligns with the rising demand for precious metals amid global uncertainty.
With technical and fundamental factors aligning, gold and silver markets appear well-positioned for continued strength, supported by robust demand and shifting macroeconomic conditions.
Gold and silver prices are climbing as safe-haven assets, driven by escalating geopolitical tensions and technical momentum. Gold gained over 1%, challenging its 50-day moving average at 2,668.27 dollars, with the potential to test 2,693.40 dollars. March silver surged to a four-week high of $32.46, benefiting from gold’s parallel rally and robust technical support levels.
The recent collapse of Syrian President Bashar al-Assad’s regime has added fresh uncertainty to the global landscape, fueling demand for precious metals. The fall of Damascus to rebel forces ended over 50 years of Assad family rule and disrupted regional stability. Assad’s exile in Russia signals a significant geopolitical shift, particularly for Syria’s allies.
Analyst Vince Lanci highlights how Syria's collapse jeopardizes Russia’s port access and Iran’s influence in the Middle East, forcing Moscow to reevaluate its strategic focus and potentially shifting attention to securing Black Sea access through Ukraine. These developments underscore the interconnectedness of Middle Eastern and Eastern European conflicts, amplifying market volatility.
The U.S. and Israel have launched airstrikes on Syrian military installations to prevent the new regime from acquiring weapons. This instability has spurred safe-haven buying of gold and silver, reflecting investor concerns about regional turmoil. As geopolitical tensions rise and precious metals approach key technical levels, gold and silver remain popular among investors seeking security amid global uncertainty. This demand can indicate continued strength in the precious metals markets.

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