Financial investors turn their backs on gold and silver – Commerzbank Gold XAUUSD Silver Banks XAGUSD
“The same factors as in recent weeks are weighing on gold price: the“ETF investors have been withdrawing from gold over the past two weeks. The gold ETFs tracked by Bloomberg registered 12 tons of outflows again last week. The CFTC’s statistics show that speculative financial investors are further turning their backs on gold, too.
“Speculative financial investors have also retreated noticeably from silver: in the last three weeks, they have even slashed their net long positions by 64%, around 4,180 tons of silver being sold via the futures market. The silver price has dropped by nearly $3 or 11% over this period – i.e. significantly more steeply than theInformation on these pages contains forward-looking statements that involve risks and uncertainties.
Australia Latest News, Australia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
WTI Crude Oil Forecast: Pressuring ResistanceThe West Texas Intermediate Crude Oil market initially pulled back on Friday but then turned around to show signs of strength yet again.
Read more »
Gold Futures: Extra gains look limitedOpen interest in gold futures markets reversed three consecutive daily builds and shrank by around 18.8K contracts on Friday, according to preliminary
Read more »
Cara Delevingne's Met Gala Look Made a Stunning Statement About PsoriasisThe model's gold body paint highlighted a skin condition that affects millions.
Read more »
Michael Phelps shares how his wife helps him work through childhood traumaPhelps, who experienced “scary” lows during COVID-19 lockdown in 2020, said that he’s on a good place at the moment thanks to medication and talk therapy.
Read more »
USD/CNY: Continued Shanghai lockdown weighs on the yuan – CommerzbankUSD/CNY has breached above 6.70 mark. The Shanghai lockdown weighs on confidence regarding the economic prospects of China, economists at Commerzbank
Read more »
Homeowners Try to Block Investors From Scooping Up Properties to Rent OutInvestors bought more than one in five U.S. homes in December. Some homeowners and HOAs are pushing back.
Read more »