$XAU
Gold $PAXG
futures $XAG
slipped sharply on Tuesday, shedding more than two percent to hover near the $4,900-per-troy-ounce mark — a notable reversal for a metal that had scaled historic highs just weeks prior. The retreat was catalyzed by a confluence of softening geopolitical tensions, as Washington and Tehran announced a preliminary framework agreement on nuclear negotiations, and a seasonal lull in Asian demand as markets closed for the Lunar New Year holiday.
Yet veteran commodities strategists were quick to caution against interpreting the dip as a structural shift. Ole Hansen, head of commodity strategy at Saxo Bank, argued that the underlying architecture supporting gold's multi-year advance remains firmly in place.#BTC100kNext? #BTCVSGOLD