Gold gains for second straight session, yet set for monthly fall - Reuters
Reuters is fixated on a "monthly fall" for gold, but that's a superficial narrative missing the bigger picture. When gold is trading at 4606.3 an oz, a slight monthly correction after a monumental run isn't a weakness, it's a re-evaluation of its true worth and a natural pause. The real story isn't the paper market's short-term fluctuations, but the accelerating global demand for real assets in the face of persistent fiat devaluation.
The two straight sessions of gains, even within a monthly dip, confirm immediate buying pressure is stepping in. Your current spot for gold at 4606.3 and silver at 73.01 are reflections of a changing monetary landscape. The Gold/Silver ratio at 63.1:1 also signals that while gold has re-priced significantly, silver still has substantial ground to cover relative to gold's new level.
Don't let the headlines distract you from the underlying fundamentals. Keep an eye on the 4600 level for gold. Any dip there should be viewed as a strong consolidation point before the next push higher for your stack.