Gold and silver break out as ‘macro setup is shifting in favour of precious metals’ – Saxo Bank’s Hansen

(Kitco News) – Gold and silver are breaking out, and the macroeconomic environment is beginning to support a possible run to fresh highs in the metals complex, according to Ole Hansen, Head of Commodity Strategy at Saxo Bank.Hansen wrote that while he and many other strategists were predicting a period of prolonged consolidation, precious metals have surprised to the upside.