- Analytics
- News and Tools
- Market News
- Gold: 2024 is Gold's year – TDS
Gold: 2024 is Gold's year – TDS
Gold's price performance was exceptionally strong, with scarce historical analogies available for such a strong performance outside of a USD bear market and with a concurrently strong year in equity markets, TDS’ Senior Commodity Strategist Daniel Ghali notes.
Gold's price performance is exceptionally strong in 2024
“Gold's performance stemmed from a wild swing in investor positioning - morphing from underinvested at the start of the year to an extreme position size by US election night; alongside extreme physical market buying activity in the first half of the year, underscored by strong central bank increases.”
“Today, tailwinds from many of these underlying drivers have subsided. Following brief but significant liquidations, macro funds have reacquired a significant portion of their extreme position size, leading to renewed positioning vulnerabilities. And, this time around, a continued downtape.”
© 2000-2025. All rights reserved.
This site is managed by Teletrade D.J. LLC 2351 LLC 2022 (Euro House, Richmond Hill Road, Kingstown, VC0100, St. Vincent and the Grenadines).
The information on this website is for informational purposes only and does not constitute any investment advice.
The company does not serve or provide services to customers who are residents of the US, Canada, Iran, The Democratic People's Republic of Korea, Yemen and FATF blacklisted countries.
Making transactions on financial markets with marginal financial instruments opens up wide possibilities and allows investors who are willing to take risks to earn high profits, carrying a potentially high risk of losses at the same time. Therefore you should responsibly approach the issue of choosing the appropriate investment strategy, taking the available resources into account, before starting trading.
Use of the information: full or partial use of materials from this website must always be referenced to TeleTrade as the source of information. Use of the materials on the Internet must be accompanied by a hyperlink to teletrade.org. Automatic import of materials and information from this website is prohibited.
Please contact our PR department if you have any questions or need assistance at pr@teletrade.global.
Bank transfers
