As traders liquidate long positions, hopes of inflation and the Fed keeping rates at 0% may mark a good entry point due to the recent dips in gold prices, per TD Securities.
Don’t miss:
Key quotes
“Speculative participation in gold continues to dwindle as surging risk appetite saps interest from the market, with traders liquidating long positions and adding shorts.”
“Safe-haven flows likely reversed course amid fiery equity markets fueled by unprecedented stimulus liquidity and improving economic sentiment as economies reopen. The extremely bullish May jobs data and 10yr treasury yields nearing 1% likely prompted further liquidations to end the week.”
“If this is indeed the beginning of a V-shaped recovery, this recent dip in gold represents an ideal entry point as it signals the end of deflationary concerns and the beginning of increasing inflation expectations, which along with a Fed keeping rates at 0, keeps real rates suppressed into deeper negative territory.”
"entry" - Google News
June 08, 2020 at 04:41PM
https://ift.tt/3cJnzqn
Gold: Dips mark a good entry point – TDS - FXStreet
"entry" - Google News
https://ift.tt/3f5ZAUJ
https://ift.tt/3d6LMHD
Bagikan Berita Ini
0 Response to "Gold: Dips mark a good entry point – TDS - FXStreet"
Post a Comment