Gold has surged to $1,930, its highest level since February 2. The yellow metal could stage a significant race higher, strategists at TD Securities report.
Gold has surged to $1,930, its highest level since February 2. The yellow metal could stage a significant race higher, strategists at TD Securities report.
Do not fade the rally in Gold
“The risk of a dash-for-cash is mitigated by substantial physical demand in Gold and by neutral discretionary trader positioning.”
“The yellow metal still appears to offer the most competitive risk/reward on our screen as strong physical demand driven by the East should keep losses subdued if central banks remain on the war path to combat inflation despite bank liquidity concerns.”
“Risks that the tightening cycle is coming to an end should also realign discretionary flows with strong physical flows, which could translate into substantial upside.”
“The risk of a dash-for-cash is mitigated by substantial physical demand in Gold and by neutral discretionary trader positioning.”
“The yellow metal still appears to offer the most competitive risk/reward on our screen as strong physical demand driven by the East should keep losses subdued if central banks remain on the war path to combat inflation despite bank liquidity concerns.”
“Risks that the tightening cycle is coming to an end should also realign discretionary flows with strong physical flows, which could translate into substantial upside.”
風險提示：本文所述僅代表作者個人觀點，不代表 Followme 的官方立場。Followme 不對內容的準確性、完整性或可靠性作出任何保證，對於基於該內容所採取的任何行為，不承擔任何責任，除非另有書面明確說明。
暫無評論，立馬搶沙發