’s rally has entered a phase where price behavior itself is shaping expectations, rather than reacting to external catalysts. COMEX ended the latest session near the intraday high, extending the sequence of higher highs that has defined the advance since the start of the year. This is not a marginal technical improvement but a confirmation that buyers remain in control into record territory, with momentum indicators reinforcing the move rather than diverging from it. The upward turn in the relative strength index signals that the market is not merely drifting higher on thin liquidity but advancing with sustained participation, a key distinction at elevated price levels. Spot gold rising 0.3% to $4,953.27 per ounce underscores that the strength is not isolated to futures positioning but is reflected across the physical-linked benchmark as well.
For investors, the significance lies…
