Gold breaks higher after consolidation – Société Générale

Gold has broken out of a narrow consolidation above its December peak, indicating renewed bullish momentum. Société Générale analysts highlight that this breakout reflects increasing investor sentiment and demand for gold. The technical situation suggests that recent pullbacks act as support, fostering a more robust buying environment as prices trend towards new highs. While factors like U.S. interest rates need to be considered, the overall outlook remains bullish, warranting investor attention on potential positioning.