On Friday, analysts at TD Securities announced that they were exiting their recently initiated tactical short position in gold. The bank had been warning investors that downside risks in gold were growing as bullish speculative positioning remained at extreme levels. TD exited the trade as December futures rose to $2,549 an ounce, resulting in a 4.4% loss on its tactical short position.
https://www.kitco.com/news/article/2024-09-23/dont-bet-against-gold-td-securities-loses-44-tactical-short-trade
https://www.kitco.com/news/article/2024-09-23/dont-bet-against-gold-td-securities-loses-44-tactical-short-trade
On Friday, analysts at TD Securities announced that they were exiting their recently initiated tactical short position in gold. The bank had been warning investors that downside risks in gold were growing as bullish speculative positioning remained at extreme levels. TD exited the trade as December futures rose to $2,549 an ounce, resulting in a 4.4% loss on its tactical short position.
https://www.kitco.com/news/article/2024-09-23/dont-bet-against-gold-td-securities-loses-44-tactical-short-trade
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