strong buy
Hedge Funds Maximize Gold Bullish Bets Amid Trade Tensions
As of the week ending July 22, hedge funds and large speculators have increased their bullish bets on gold to the highest level since April this year. Their net long positions grew by 19%, reaching 170,868 contracts. Data released by the US government on Friday show this is the highest level in 16 weeks. The trade war initiated by the Trump administration has propelled gold prices to rise by 27% this year. While easing trade tensions might reduce the demand for safe-haven assets, gold continues to be supported by strong central bank buying.
Source available for registered users Sign Up Free
AI Analysis
The recent surge in gold futures positions by hedge funds indicates a strong risk-averse sentiment prevailing in the market. The increase to the highest levels since April suggests traders are still c...
AI Recommendation
Investors should consider maintaining or increasing their exposure to gold, given the current strong speculative positioning and supportive central bank buying. The geopolitical and trade tensions app...
Disclaimer
The AI analysis and recommendations provided are for informational purposes only. Any investment decisions should be made at your own risk. Past performance is not indicative of future results. Always conduct your own research and consider consulting with a financial advisor before making any investment decisions.
You might also be interested in:
watch