Gold's solid fundamentals are set to see prices head higher, and geopolitical tensions in the Middle East are simply "green shoot" events that offer traders and investors a short-term opportunity to take gains, this according to Phil Streible, chief market strategist of Blue Line Futures.
"I think the underlying fundamentals are still good for gold. Forget the geopolitical stuff, those are where your green shoots are. That's where if you're long gold, the market shoots up in that kind of news, you trail a stop, you take some off, those are just gifts that are handed to you," Streible told Kitco News.