Hedging funds' bullish bets on gold have risen to the highest level since April.

robot
Abstract generation in progress

[Hedging] funds' bullish bets on gold have risen to their highest level since April. Before progress is made in trade negotiations between the United States and the European Union, fund managers have increased their bullish bets on gold to the highest level since April this year. For the week ending July 22, the net long positions of [Hedging] funds and other large speculators increased by 19% to 170,868 contracts. Data released by the U.S. government on Friday showed this is the highest level in 16 weeks. The trade war launched by the Trump administration has pushed gold prices up 27% this year. Although easing trade tensions will weaken safe-haven demand, gold has also received support from strong purchases by the Central Bank.

TRUMP1.1%
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Share
Comment
0/400
No comments
Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate app
Community
English
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)