The US CPI data delivered the first sign of peak inflation. Gold hit the highest level in over a month at $1,808 in a knee-jerk reaction to the data. In the view of strategists at TD Securities, a massive CTA buying program may exacerbate the rally in gold.
Chinese bid in gold continues to unwind
“The downside miss on the highly anticipated US inflation data may catalyze a substantial buying program in gold, bringing the margin of safety for trend signals to razor-thin levels
Chinese bid in gold continues to unwind
“The downside miss on the highly anticipated US inflation data may catalyze a substantial buying program in gold, bringing the margin of safety for trend signals to razor-thin levels
