If it’s central banks ( China ) that have been the buyers of physical gold for quite some time … does that impact futures positioning ? Prob a dumb question , just wondering if there is something there to consider ?
Other than the fact they are spiking price higher and large speculators are shorting. Or they start to hedge their actual physical gold by selling futures
Chinese retail. Chinese banks were allowed by the government to increase their buying to satisfy the demand they are seeing from retail especially in last 7 days or so. I don’t have the news report handy.
If it’s central banks ( China ) that have been the buyers of physical gold for quite some time … does that impact futures positioning ? Prob a dumb question , just wondering if there is something there to consider ?
Other than the fact they are spiking price higher and large speculators are shorting. Or they start to hedge their actual physical gold by selling futures
https://x.com/htsfhickey/status/1911754022429540515?s=61
Thank you. This is interesting...
Central banks as per 42macro
Last night Asia time huge volume print which continued through European hours.
Chinese retail. Chinese banks were allowed by the government to increase their buying to satisfy the demand they are seeing from retail especially in last 7 days or so. I don’t have the news report handy.
Maybe there is another buyer.