Gold Price Forecast: XAUUSD enjoys renewed buying interest between $1,800-$1,850 – Commerzbank Gold XAUUSD Banks
“Gold was unable to resist the downward pull of cyclicalon Friday and likewise fell. The lower price level generated buying interest, however: at over 10 tons, the gold ETFs tracked by Bloomberg registered their biggest daily inflow since mid-April on Friday.”
“According to the CFTC’s statistics, net long positions were slashed by 36% to just shy of 37,000 contracts in the week to 14 June. Speculative financial investors probably played a major part in the slide in the gold price during the period under review, in other words.”Gold Price Forecast: Hedging demand amidst market volatility to push XAUUSD higher – Deutsche Bank
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