Commodities Buzz: Gold Speculative Position Turns Net Short For Fifth Time Since 2006

5 Aug 2022 , 09:49 AM

The global gold ETFs lost 81t (US$4.5bn) and speculative positions in gold futures turned net short for only the fifth time since 2006. WGC noted that the market reaction to the July Fed meeting may encourage a more sustained fall in the US dollar and run up in risk assets. This could benefit gold but may also risk strengthening the Feds resolve. Powered by Commodity Insights