The war has significantly disrupted energy markets and heightened concerns about supply flows through the Strait of Hormuz, one of the world's most critical oil shipping routes
On the technical charts, Gold has confirmed a fresh breakout from a classic cup and handle formation, reinforcing the strength of the ongoing uptrend, says Apurva Sheth of SAMCO Securities.
For those willing to take a long-term view, platinum may once again reclaim its title as the elder cousin among precious metals - not necessarily surpassing gold in absolute terms but closing the gap
On the technical side, charts are crystal clear. Gold recently broke out of a bullish pole-and-flag pattern on the weekly time-frame, a setup that often precedes strong continuation rallies.
