In the video below I go more into specifics of the fundamental and technical picture for gold (NYSEARCA:GLD), silver (NYSEARCA:SLV), and platinum (NYSEARCA:PPLT), and what technical breakpoints traders and investors need to watch when the US market inches towards the close.
Geopolitical tension and stealthily rising inflation are bullish drivers of gold, but any signs of credible tightening measures from the Fed, ECB, or Bank of Japan can erase any meaningful rally.
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Disclosure: I am long GLD. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.