Macro Must-See Charts: Slight Increase in Positions, Funds Unwilling to Chase Gold and Silver (2024/9/30)

JIN10
2024.09.30 10:12
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Analysts pointed out that the ratio between gold and the US dollar index has broken through, indicating that the gold rally has just begun and is expected to continue to rise. Gold and silver have resumed their bullish trend at the end of the third quarter, and investors need to seize the opportunity. Although crude oil positions are at historically low levels, the market does not see much urgency in supply. Funds have limited increases in net long positions for gold and silver, while bank positions have reached record highs