‘Gold remains the strategic allocation, while silver remains the tactical opportunity’ – Saxo Bank’s Hansen
#Oil-led inflation risks, not geopolitics, are driving near-term weakness in precious metals, and while #gold‘s pullback looks cyclical rather than structural, #silver’s vulnerability to industrial demand and investment flows makes it more fragile, according to @Ole_S_Hansen, Head of Commodity Strategy at @saxobank.
Hansen noted that “rising energy prices, a stronger dollar, firmer inflation expectations and a renewed higher-for-longer view on US interest rates have together created a more challenging short-term environment for non-yielding assets,” which have driven gold prices to a three-week low…
Full article at Kitco:
kitco.com/news/article/2026-…
‘Gold remains the strategic allocation, while silver remains the tactical opportunity’ – Saxo Bank’s Hansen #Oil-led inflation risks, not geopolitics, are driving near-term weakness in precious metals, and while #gold's pullback looks cyclical rather than structural, #silver’s vulnerability to industrial demand and investment flows makes it more fragile, according to @Ole_S_Hansen, Head of Commodity Strategy at @saxobank. Hansen noted that “rising energy prices, a stronger dollar, firmer inflation expectations and a renewed higher-for-longer view on US interest rates have together created a more challenging short-term environment for non-yielding assets,” which have driven gold prices to a three-week low… Full article at Kitco: https://www.kitco.com/news/article/2026-04-28/gold-remains-strategic-allocation-while-silver-remains-tactical-opportunity
