FXStreet reports that strategists at TD Securities discuss gold prospects.

“Lackluster changes in global gold ETF holdings contrast with the rise in stagflation-themed news stories, suggesting that high inflation and slowing growth is increasingly capturing the market's share of mind, but the theme has yet to translate into inflows for gold.” 

“Dry-powder analysis in Comex gold highlights that while the gold bug may not be widespread, position sizes are bloated relative to historical data.” 

“With Shanghai gold length nearing historical lows, a cleaner discretionary and CTA positioning slate suggests the decline in gold prices is unlikely to morph into a rout.”