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- Decline in gold is unlikely to morph into a rout – TDS
Decline in gold is unlikely to morph into a rout – TDS
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.”
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