bullish
Gold Demand Data Confirms Economic Rebound // Latest CTA Positioning Calls from UBS
SUMMARY
Last week the World Gold Council published its figures for the fourth quarter of 2023.
Gold demand for technology, electronics and other industrial use cases continued to improve in nominal and YoY terms - pointing to an economic rebound.
“Technology demand proved another surprising element in 2023, churning out stellar growth in Q4, albeit from a low base.
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