Gold bounce decreased to new record height (NYSEARCA: UGL)


Short interest on SPDR Gold Shares ETF as a percentage of outstanding shares (NYSEARCA: GLD) The bull call option volume in the ETF has made its second-biggest jump in the past week, before bullion climbed to $ 1,946 / oz since July 2009. today.

Analysts at Sundar Capital Research say the sharp fall in the dollar has given rise to “stunning” speculation in precious metals.

According to Bloomberg, the demand for gold in the ETF market has increased and the total holding of gold in ETFs was recorded for the 18th consecutive week last week.

The cash flood in Gold ETFs is evidence that retail investors are driving a record-breaking run of bullion, JPMorgan Chase analysts say.

Meanwhile, CIBC analysts expect gold to rise to $ 2K / oz. And as long as prices remain supported by US-China tensions, virus concerns and an uncertain economic recovery, they expect a near-term recovery, as the price increase “has gone a bit further on its own,” the near-term correction With the possibility of. Period.

ETF: GLD, GDX, NUGT, IAU, GGN, DUST, PHYS, SGOL, UGLDF, BAR, UGL, AAAU, GLDM, SGDM, ASA, RING, GOEX

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