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Gold Trades Lower as Dollar and Yields Rise Ahead of Coming Economic Data
Gold Outlook: Record Highs on Ice as Bearish Signals Build
Base Metal Prices Mixed as Copper Gains on Record Chinese Inventory Decline -- Market Talk
Gold has come to a sudden stop, long positions have drastically decreased, and analysts warn that the trend has diverged from the fundamentals.
Barclays strategist Stefano Pascale stated that the surge in Gold Call Options after Trump's tariffs, leading to an inverted skew indicator, coupled with a sharp reduction in hedge fund long positions and the recent pullback in Gold prices, are all reasons to adopt a cautious outlook on Gold prices in the short term. The movement of Gold has already "decoupled" from the "fundamental drivers" such as the US dollar and real interest rates.
Canadian Stock Movers for Monday | Denison Mines Corp Was the Top Gainer; Agriculture Led Gains
Gold Falls Globally: US$ -1.29%, RM -1.34%
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