Euro and Aussie shorts build as Gold exposure remains elevated

The week in one sentence: Euro shorts deepened, and Yen longs retreated in the week to October 13. In addition, Coffee buying continued, and Gold exposure remained elevated despite another price decline. Euro: Bearish conviction deepens Speculators turned more bearish on the Euro (EUR), taking net shorts to around 137.6K contracts, the highest level since January 2016. In addition,…

Read more

Gold stumbles as US yields eclipse fading October Fed hike bets

Gold (XAU/USD) price retreats about 0.10%, trading at $4,163 on Friday, poised for a weekly loss as traders assess recent US inflation data, which, although hotter than foreseen, led investors to trim their hawkish bets for the Federal Open Market Committee (FOMC) October meeting. XAU/USD struggles near $4,160 as elevated Treasury yields offset reduced Fed tightening expectations This week,…

Read more