7 Comments
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Mike Schlichting's avatar

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 ?

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Jason Shapiro's avatar

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

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Jason Shapiro's avatar

Thank you. This is interesting...

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Brian's avatar

Central banks as per 42macro

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Rajesh's avatar

Last night Asia time huge volume print which continued through European hours.

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Rajesh's avatar

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.

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