Top traders on the Shanghai Futures Exchange (SHFE) have reduced their net Gold (XAU/USD) and Silver (XAG/USD) positions.
Top traders on the Shanghai Futures Exchange have reduced their net Gold and Silver positions. Precious metals investors are likely to remain on the sidelines for the time being, TDS commodity strategists note. Precious metals remain on the sidelines “Top traders on the SHFE have reduced their net Gold and Silver positions by 8.6k and 11.6k lots respectively over the course of this past week.
” “Elsewhere, the PCE data came in roughly in line with expectations, and the pace represents the lowest level of the cycle. Overall, inflation data continues to gradually normalize back to the trend the Fed would like to see, but it is still not enough evidence for officials to pound the table on policy easing.
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