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CFTC: Gold specs returned to decreasing size – TD Seucrities

“Gold specs returned to decreasing size, as traders took income amid a extra steady fairness market,” level out TD Securities reviewing the newest CFTC report.

Key quotes

However, with the fairness market nonetheless on edge and the VIX north of 20, together with the US greenback easing off the highs and the Chinese language Yuan strengthening amid commerce optimism, merchants seemingly took on some new longs on the finish of the week.”

“However given the sturdy US financial information and with the greenback remaining comparatively sturdy, we don’t anticipate sufficient investor curiosity to drive gold materially above $1,240/ounceswithin the close to time period. “

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