CTAs are on the bid in precious metals, Gold positioning rem
The cross-section of overnight precious metals returns is directly correlated to expectations for algorithmic buying activity for this session, TDS Senior Commodity Strategist Daniel Ghali notes. Shanghai traders are selling Gold positions...
Gold retreats from near record high as Fed rate cut speculat
Gold tumbles after failing to break $2,531 resistance, closing at $2,493 as Fed rate cut speculation intensifies. US Nonfarm Payrolls missed estimates, but improved figures and rising hourly earnings fueled uncertainty over a 25 or 50 bps c...
Gold positioning is extreme – TDS
Markets are now pricing in a coin flip on a 50bp or 25bp cut by the USFederal Reserve (Fed), but more than 175bps of cuts by March has already attracted massive positions into Gold. Thisexplains the tepid reaction to the US Nonfarm Payrolls...
ETFs show continued interest in Gold – Commerzbank
The price of Gold climbed back above the $2,500 per troy ounce mark, trading just below its record high, Commerzbank commodity strategist Barbara Lambrecht notes. ETF investors raise their interest in Gold The apparent weakening of the US l...
Gold: Positioning dynamics is at extreme levels – TDS
Gold is trading near all-time highs, awaiting the NFP release just weeks ahead of the highly-anticipated start of a rate cutting cycle, TDS Senior Commodity Strategist Daniel Ghali notes. Gold is trading near all-time highs Todays miss on A...
Gold price ticks higher on soft US JOLTS data
XAU/USD rises 0.05% to $2493, with prices rebounding after hitting a daily low of $2471. Weaker-than-expected US JOLTS report fuels speculation of a 50 bps Fed rate cut in September. Falling US Treasury yields and a softer US Dollar support...