Macro funds played a role in last week’s melt-up in Gold prices, TDS’ Senior Commodity Strategist Daniel Ghali notes.
Recent liquidations are likely related to constrained risk-budgets
“Our advanced positioning analytics corroborates our view that macro funds played a role in last week’s melt-up in Gold prices, suggesting that recent liquidations likely related to constrained risk-budgets, as opposed to a directional view on Gold.”
“Considering this cohort’s net position still remains at levels broadly consistent with early-2024, and that prices continue to hold north of $3000/oz, we think their repleted warchest will chase the run higher in prices, fueling more FOMO into the yellow metal. It’s still ‘heads I win, tails you lose’, but it’s the other side of the coin that is now screaming FOMO.”
- EUR/USD Price Forecast: Posts fresh monthly high around 1.1700
- Gold retains positive bias as US‑Iran ceasefire and easing Fed rate hike bets weigh on USD
- EUR/JPY Price Forecast: Holds steady but maintains bullish bias above 100-day EMA support
- EUR/GBP Price Forecast: Supported by converging SMAs but capped below 0.8750
- Free forex signals for Monday 06/04/2026
Free Forex Signals 
Leave a comment