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Gold Price Set for Record High in Second Half of Year
Gold: Easy Come, Easy Go – Commerzbank
The market continues to digest the prospect of the US presidential election after Biden withdrew, and gold has fallen below $2400.
Due to traders weighing the decision of U.S. President Biden's withdrawal from re-election and what this means for the chance of Trump returning to the White House, the price of gold has slightly declined.
Gold: Positioning Risks Skewed to the Downside – TDS
U.S. Ranks Next to Last in Development Time for New Critical Minerals Mines - S&P
The situation changed? ETF has started to see net buy orders, and JPMorgan has called for a gold price of 2650!
According to Morgan Stanley, ETFs may become the new driving force behind the next round of gold price increases. Gold ETFs have started to increase their holdings since late May, and COMEX's net long position is at its highest since Q2 2022.
Dr DT OP : Just to confirm, my Tesla short is now closed. Target hit at $218. I am now in the money with SMCI short and all my gold and gold miners holding are having a strong day. Good luck to all.
EZ_money : clarity metals