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Goldman Sachs says gold's slide is driven by speculative unwinding, not real rates

NewsFeeds update

Goldman Sachs attributes gold's recent decline mainly to large-scale liquidation by speculative funds rather than changes in real interest rates. CFTC data show speculators sold about $8bn of gold positions from 20 to 27 October, $5.2bn from long liquidation and $2.8bn from new shorts, with $19.5bn of net outflows over five straight weeks since 22 September.

MacroPANewsAINeutral

Read the original on PANews

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Every update is a short rewrite, by AI in our own words, of a flash from the outlet named on it, credited and linked. Not investment advice.