There is evidence that the last leg of the rally in Gold may have been a stop hunt, given the odd timing for an incursion into new all-time highs alongside evidence of new shorts being added by proprietary traders, family offices and macro funds while Gold ranged near the highs, TDS Senior Commodity Strategist Daniel Ghali notes.
Related Articles
UK consumer confidence September: -20 (vs. -13 expected). Lowest since March 2024.
UK GfK Consumer Confidence September 2024 is disappointing, turns even more deeply...
CBA shifts expected RBA rate cut timing to December 2024 (from November)
CBA have moved their expected timing of the first Reserve Bank of...
AUD/USD support: RBA on hold with strong jobs market, sticky CPI; Fed policy divergence
HSBC is eyeing the RBA higher for longer vs. an easing Federal...
BlackRock is wary of the Federal Reserve 50bp rate cut, watch the word “recalibration”
Analysts at BlackRock are wary of Wednesday's move from the Federal Open...
Leave a comment