Gold: Prices continue to hold north of $3000 – TDS
Source Fxstreet
Macro funds played a role in last week's melt-up in Gold prices, TDS' Senior Commodity Strategist Daniel Ghali notes.
Recent liquidations are likely related to constrained risk-budgets
"Our advanced positioning analytics corroborates our view that macro funds played a role in last week's melt-up in Gold prices, suggesting that recent liquidations likely related to constrained risk-budgets, as opposed to a directional view on Gold."
"Considering this cohort's net position still remains at levels broadly consistent with early-2024, and that prices continue to hold north of $3000/oz, we think their repleted warchest will chase the run higher in prices, fueling more FOMO into the yellow metal. It's still 'heads I win, tails you lose', but it's the other side of the coin that is now screaming FOMO."
Disclaimer: For information purposes only. Past performance is not indicative of future results.
Recommended Articles
On May 27, Bloomberg reported that copper trading activity has intensified as market expectations of potential copper tariffs under a Trump administration heat up, prompting traders to sh
Gold Falls Below $4,400 for First Time in Two Months. Institutions Lower Gold Price Forecasts as Market Expects PCE to Approach 4% During the Asian trading session on May 28, spot gold briefly fell below $4,400, hitting a low of $4,396.91, its lowest level since March 27. Gold futures also declined, with U.S. gold fu
During the Asian trading session on May 28, spot gold briefly fell below $4,400, hitting a low of $4,396.91, its lowest level since March 27. Gold futures also declined, with U.S. gold fu
The broader cryptocurrency market is down $2.45 trillion on Thursday, from $2.54 trillion the previous day, led by Bitcoin’s (BTC) decline below $73,000.
Iran-U.S. MOU Details Disclosed. Gold Drops to $4,400 Mark Hitting New Low Since March 30; Two Major Crude Oil Futures WeakenAccording to Iranian sources, a "preliminary informal document" regarding the framework of a memorandum of understanding between Iran and the United States has been disclosed, covering is
According to Iranian sources, a "preliminary informal document" regarding the framework of a memorandum of understanding between Iran and the United States has been disclosed, covering is
Gold price (XAU/USD) trades on a flat note around $4,455 during the early Asian session on Thursday. The precious metal steadies as US-Iran peace negotiations face uncertainties.
Related Instrument
