Forex
globalreutersAugust 12, 20241 Mins read
Gold: CTA positioning remains near its effective ‘max long’ position size – TDS
globalreutersAugust 12, 20241 Mins read Gold now screens as a well-populated trade. The Street is unanimously bullish, but macro fund positioning may now be tapped out without an imminent recession, CTA positioning remains near its effective ‘max long’ position size, the top Shanghai traders have been selling their positions from near-record highs, and Asian physical markets remain on a buyer’s strike, TDS senior commodity strategist Daniel Ghali notes.
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