Gold Bounces as Yields Slip After U.S. PCE Data, Underlining Rate Cut Hopes
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
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.
