According to some analysts who transfer the latest trade data from the commodity futures Trade Commission, it is reluctant to jump under hedge funds, but as industrial demand increases, silver gains a new momentum. Analysts say that the gold market attracts an inanimate interest by focusing on investors’ federal reserve’s tightening of monetary policy. Kriptokoin.comAs CFTC’s important data in the report of the trader commitments for the week ending on October 19, we have prepared for you with the evaluation of analysts.
“Investors remained cautious about gold because they focused on the exit of the FED”
The separated report showed that the speculative gross longing positions managed by money in the comex gold futures decreased by 7,108 contract to 124,560. At the same time, Short positions decreased to 66,761 by decreasing 6,388 contract. The net position of the gold is at the level of 57,799 contracts unchanged relatively compared to the last three weeks. During the survey period, gold prices managed to support over $ 1,750. Nevertheless, prices could not go above the resistance in $ 1,800.
Analysts say that the gold market attracts an inanimate interest by focusing on investors’ federal reserve’s tightening of monetary policy. In addition, the report is expected to reduce monthly bond purchases before the end of the year and increase interest rates by 2022 before the end of the year. However, some analysts say that increasing inflation will keep real interest rates close to historically low levels, even if federal reserve interest rates increase. TD Securities analysts notice that market expectations for US monetary policy appear a little more hawk and that it can support it:
In high inflation periods, Gold has historically performed better than most asset classes, while investors were cautious about the yellow metal because they focused on the output of the Fed intensively. In fact, despite the strong movement in inflation expectations, the speculators added only marginalized to their positions in this context with modest Short closing as prices rise. Since the Fed’s vehicles do not consider that it is not likely to be used to combat inflation due to ongoing supply chain scarcity, we think that the market pricing for the increase in the FED is too hawn.
According to analysts, investors turned to silver and copper in search of inflation protection
Analysts state that increasing fears of inflation revive the interest in the main metals, and at the same time, as demand increases, exhausted stocks create an important supply/demand imbalance. According to analysts, as investors seek inflation protection, both copper and silver increased in bull interest. Analysts say that the fears of inflation are at the highest level of the last 16 years and show five -year prey. The ratio of attempt refers to the difference difference between bonds and Treasury Inflation Protected Securities (TIPS). As of Friday, the five -year -old ratio has been close to the highest level since 2005 with 2.91 and 2005.
The separated report showed that money administrators increased speculative gross longing positions to 2,593 contract for 50.040 in Turkey. At the same time, Short positions decreased by 11,788 to 30.603. The net position of silver is currently in 19,437 contract. Ole Hansen, President of the Saxo Bank Commodity Strategy, records that the net position of silver has increased by more than three times compared to the previous week. During the survey, silver increased to the highest level of almost six weeks above $ 24. Analysts expect that with the rise of prices above $ 24.50, hedge funds are added to the rise bets.
