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Crucial Update :GOLD ,SILVER ,Platinum ,Palladium -Anirudh Sethi
Archives of “Gold / Silver” category
rssAnd here is where gold comes in
Hedge Funds added significantly (USD580mn) to net long gold positions in a revaluation of the precious metal.
This is fine…
Here is what’s driving gold prices higher. Forecasts out to end-2019.
A useful summary indeed, comments from UBS (in brief from a longer note):
Investors turning to gold amid
- escalating trade risks
- likely impact of higher tariffs on growth and inflation
- Dovish Fed expectations
- concerns about the potential for FX intervention
- Global yields continue to fall
- Latest headlines on some potential de-escalation of trade tensions seem insufficient to trigger a correction in gold, suggesting that there is a relatively high threshold for easing investor concerns. Persistent uncertainty is likely to keep gold well supported.
Forecast:
- We continue to see gold rallying to as high as $1,600 between now and year-end
- a potential pit stop around $1,580
Gold climbs as some risk aversion creeps in
Gold prices rise
Gold is at the highs of the day, up $10 to $1536 as bonds rally and US stock markets give back some gains.
The latest bump higher in gold took out the earlier high of $1535 and yesterday’s late-day high of $1537.
There is a consistent and visible desire to buy dips in the market as investors slowly load up on gold.
Crucial Update :GOLD ,SILVER ,PALLADIUM ,PLATINUM & BASE METALS -Anirudh Sethi
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Commercial traders of gold futures are net short again in a huge way.
#Gold CoT speculators near record net long
The gold market, explained:
