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Back Fundamental analysis
Hedge funds exploit crowd mania in gold
While China celebrates the Lunar New
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While China celebrates the Lunar New Year, major speculators, or so-called smart money, are not rushing to manipulate the gold market. The metal swings like a pendulum: it falls below the critical $5,000 per ounce mark, then returns above it. Hedge funds and asset managers are waiting for the crowd that will allow them to continue making money. According to MUFG, in the short term, XAU/USD dynamics will depend on shifting market views about the fate of the federal funds rate.
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Marek Petkovich,
Analytical expert of InstaForex
© 2007-2026
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Igor Kovalyov
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