• Gold Price Forecast: Withdrawal of investors contributing to weakness of XAU/USD – Commerzbank

Noticias del mercado

4 julio 2023

Gold Price Forecast: Withdrawal of investors contributing to weakness of XAU/USD – Commerzbank

The Gold price has been under pressure for some weeks. Strategists at Commerzbank analyze XAU/USD outlook.

Declining investor interest

Declining investor interest can be seen from the marked fall in gold ETF holdings since the beginning of June. 

The picture is similar as far as speculative financial investors are concerned: they have likewise reduced their net long positions considerably of late. 

The withdrawal of investors has thus contributed to the price weakness in recent weeks.

See – Gold Price Forecast: XAU/USD unlikely to enjoy big gains for a while yet – TDS

 

Enfoque del mercado
Material posted here is solely for information purposes and reliance on this may lead to losses. Past performances are not a reliable indicator of future results. Please read our full disclaimer
Abrir cuenta demo y página personal
Entiendo y acepto la Política de Privacidad y estoy de acuerdo con que mi nombre y datos de contacto sean procesados por TeleTrade y utilizados para contactarme en lo referente a: