According to the latest data received from the US Futures Commodity Transactions Commission (CFTC), Hedge funds lose interest in Gold because they reduce their risks throughout the Board of Directors. According to analysts, long -term foundations continue to support gold prices. Analysts, prices are trying to find a consistent rise acceleration, while rising nominal returns are damaging gold investors.
Commerzbank Analyst: Gold faces a very serious wind in the current market environment.
Carsten Fritsch, a valuable metal analyst in Commerzbank, said in a statement on Monday:
Gold faces a very serious wind in the current market environment. As stable speculative net long positions and significant outlets from Gold ETFs show, investors currently have other favorites.
In a report for the week ending on February 9, CFTC showed that money managers reduced speculative gross longing positions to 134,733 with a 2,329 contracts in the Turkish Gold -term transactions. At the same time, Short positions fell with 2.191 contract and fell to 47.093. Gold’s net long positions are currently in 87,640 contracts, has not changed relatively compared to the previous week.
SAXO Bank Analyst: Gold prices cannot respond to foreign market developments
SAXO Bank Commodity Strategy Manager Ole Hansen interpreted the markets in a research note and said:
Gold’s failure to respond to foreign market developments led to a decrease in both long and short positions. Thus, the situation did not change and reached the lowest level of almost 20 months.
In the past periods, gold prices have managed to reach the highest level of a week. However, the market did not have enough purchase moments to keep prices over $ 1,850 per ounce.
TD Securities Analysts: Price above $ 1,800 reveals power signs!
The commodity analysts in TD Securities evaluated the latest situation in the gold market and said:
With the passive approach of the Fed to control a more steep return curve, real odds are directed by nominal rates instead of inflation expectations. This leaves golden beetles vulnerable.
However, the commodity analysts in TD Securities underline the tendency to support over $ 1,800. Analysts add that this is a resistant power sign, even if the precious metal will take a little longer to get higher:
While the market has a stronger basis, we do not expect a bull run yet. Because the price movement in global markets was not close to test the Fed’s flexibility. While investment flows are limited, it shows that the return curve can remain on a steep road. Now….
