Gold continues to rise in the face of traditionally negative influences on its price. Gold price reflects lower real rates than market estimates. Gold to move higher as FED rate cuts begin.
What is covered in the Full Insight:
Introduction
Gold's Performance vs. S&P
Central Bank Demand
Speculative Positions and ETFs
Technical Price Analysis
Boomeranged on Fri, 13 Sep 2024 09:56
Average daily volume of CME micro gold futures is at all time highs as retail investors pile in. Gold is at all-time highs as a result of quickly declining real rates and renewed pressure on USD. The need for global central banks to diversify away from the dollar is also helping the price of gold.
SUMMARY
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