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.”
作者：FXStreet Insights Team，文章来源FXStreet_id，版权归原作者所有，如有侵权请联系本人删除。
风险提示：本文所述仅代表作者个人观点，不代表 Followme 的官方立场。Followme 不对内容的准确性、完整性或可靠性作出任何保证，对于基于该内容所采取的任何行为，不承担任何责任，除非另有书面明确说明。
加载失败()