🟡 Gold is making a comeback.
After months of weakness, gold just jumped nearly 7% in one week, breaking above its downtrend and reclaiming its 50-day moving average.
But here’s what makes the move interesting 👀
Investors had largely walked away from gold, with precious-metals ETF flows swinging from nearly +$40B to around -$20B.
Now, buyers are returning:
🇨🇳 Chinese gold ETFs saw 14 straight days of inflows
🏦 Central banks continue adding to their gold reserves
📉 Trend-following funds remain heavily short
If gold can hold above $4,000, the next major level to watch could be around $4,500.
#Gold #GoldPrice #Markets #Investing #Trading #Commodities
After months of weakness, gold just jumped nearly 7% in one week, breaking above its downtrend and reclaiming its 50-day moving average.
But here’s what makes the move interesting 👀
Investors had largely walked away from gold, with precious-metals ETF flows swinging from nearly +$40B to around -$20B.
Now, buyers are returning:
🇨🇳 Chinese gold ETFs saw 14 straight days of inflows
🏦 Central banks continue adding to their gold reserves
📉 Trend-following funds remain heavily short
If gold can hold above $4,000, the next major level to watch could be around $4,500.
#Gold #GoldPrice #Markets #Investing #Trading #Commodities
2