Hedge funds increase the rise tendencies underneath because they see that the FED has postponed their contraction plans. According to analysts who look at the latest trade data from the commodity futures Trade Commission (CFTC), the increasing uncertainty surrounding the US Federal Bank’s monetary policy caused some hedge funds to return to the gold market. Analysts’ views on the subject Kriptokoin.com‘in.
Gold Price and Fed Relationship
Federal Reserve President Jerome Powell said that he recently expected the Central Bank to publish his plans to reduce monthly bond purchases until the end of the year. However, some analysts said that it was unlikely to publish any road map at the end of this month, and this delay provided some initial support for gold. Briesemann Daniel, a precious metal analyst in Commerzbank, said, “Our economists believe that the Labor Market Report will affect the US Federal Reserve, and the so -called reduction does not consider that the next meeting will be announced at the meeting to be held on September 21/22 or at the beginning of November.”
For the week ending on August 24, the CFTC’s decomposed commitment report showed that money managers have increased speculative gross long -term positions to 136.555 with 9.919 contract. At the same time, open positions rose to 54,878 by increasing the contract 3686. Re -interest in gold helped the prices to rise to $ 1,820 per ounce, almost a month’s highest level. Daniel, a precious metals analyst, says:
After increasing long -term gold investments last week, prices continued to move to $ 1,800/ounce, while money managers increased their net long -term assets again. Investors also enlarged their long -term positions in response to signals from the FED President Powell. TD Securities commodity analysts show that the Central Bank has shifted the policy emphasis to full employment and that there is no significant inflation concern, which the incentive is not significantly removed. However, while the market believes that the FED can tolerate temporary inflation increases and interest rates are lower, some money executives still talk about short -term risks.
Hedge Funds and Silver Positions
While he continues to see value under hedge funds, the silver market remains relatively inanimate. However, some analysts say that silver has more rise potential. According to a report, comex showed that speculative gross long -term positions managed by money in the Silver -term transactions increased by 914 to 49.008. At the same time, open positions decreased by 735 contract to 36,735. The net length of the silver is at an increase of 15 %compared to the previous week at a level of 12,273 contract. During the survey period, silver prices on $ 24 per ounce of resistance. Together with the precious metals market, as the hedge funds reduce the decline tendency, some metals seem to form a solid foundation.
