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...
Gold prices come under pressure – TDS
Goldprices are under pressure, but decisively sticking to the range set near all-time highs. However, for the first time in months, price action could now unlock CTA selling activity over the coming week, TDS Senior Commodity Strategist Dan...
Gold is waiting for the US jobs report – Commerzbank
Gold prices eased slightly at the start of the week and are currently trading around $2500 an ounce. Gold is still on hold ahead of Fridays US Nonfarm Payrolls report, Commerzbanks commodity analyst Volkmar Baur notes. Gold may fall further...