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Weekly ETF Flows: Energy and Utilities Fund Tops Outflow List
Exchange-Traded Funds, Equity Futures Mixed Pre-Bell Monday as Middle East Tensions Hold Back Markets
Prospects of interest rate cuts boost the price of gold, and gold bulls cheer.
According to the CFTC data, net long positions in gold have reached the highest level in over four years. UBS Group predicts that by the fourth quarter of this year, the price of gold will rise to $2600, while Citigroup predicts that it will rise to $3000 by next year.
Commodity Roundup: Middle East Developments Support Oil, Gold Prices
Gold Extends Rally as Geopolitical Risks Boost Haven Demand
With the interest rate cut confirmed in September, will metals start a new round of upward trend?
The market has responded more positively to Powell's dovish remarks at the JH meeting on Friday.