Gold markets were swept into the quant fund leveraging last session, but CTAs are now set to buy Gold in every reasonable scenario for price action over the coming sessions, TDS’ Senior Commodity Strategist Daniel Ghali notes.
Gold markets were swept into the quant fund leveraging last session, but CTAs are now set to buy Gold in every reasonable scenario for price action over the coming sessions, TDS’ Senior Commodity Strategist Daniel Ghali notes.
CTA buying activity to support prices in the imminent term“The unique set-up in Gold over the last weeks has underscored the strong start to the year, with acute Asian currency depreciation pressures initially catalyzing 'mystery buying' activity, whereas conversely, a weakening dollar over the last ~week has attracted new length from Western macro funds.
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