further weakness may add some selling pressure from recently established spec longs.
Overall, gold remains in an uptrend, both short- and medium-term.
Saxo gold monitor shows continued outperformance relative to the dollar and ten-year yields with the recent buying being...
Overall, gold remains in an uptrend, both short- and medium-term.
Saxo gold monitor shows continued outperformance relative to the dollar and ten-year yields with the recent buying being...
driven by the reset of Fed rate hike expectations, down from four to the current one-and-done.
Hedge funds rushed back into the futures market while ETF investors last week bought the biggest amount of gold in a year.
Hedge funds rushed back into the futures market while ETF investors last week bought the biggest amount of gold in a year.
Saxo view is that the FOMC will keep rates unchanged, and if that turns out to be correct gold may attract fresh demand, not least considering what it may do to medium- and long-term inflation expecations, as they could become unanchored from the current level below 2.5%/end
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