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  • Gold: Steady at the start of the week and trading around $1427/oz. #Gold had a volatile week bu
  • Gold: Steady at the start of the week and trading around $1427/oz.

    #Gold had a volatile week bu

    22 July, 2019 10:04

    Gold: Steady at the start of the week and trading around $1427/oz. #Gold had a volatile week but posted some decent gains despite trading down to $1400/oz on Wednesday 17th July. https://t.co/RaQNhTJyaD

    The robots from Bloomberg, @business, report inflows of 224koz yesterday into physical #gold-backed ETFs for Friday. https://t.co/xkEvV6VHSa

    @business Our own, more comprehensive database, shows mtd #gold flows dominated by US-listed funds, a change from the early part of the year when European funds saw the lion's share. https://t.co/XNQEi12uc5

    @business COTR data was released on Friday but showed little change. The net speculative long #gold position remains elevated and essentially unchanged on the week. https://t.co/0X3ndbvG1H

    @business In the week ahead, we see US durable goods data on Thursday and the first estimate of Q2 GDP on Friday.

    I’m out of the office for the rest of the month from Thursday, so I’ll miss the keenly awaited FOMC at the end of the month. #Gold may mark time a little ahead of that.

    As ever, my colleagues will keep you updated on #Goldhub and its #blog

    Best of luck