Metals report for May 10 – Commodities – Futures Magazine
Clearly, spec fund activity continues to dominate gold’s price patterns for the moment, and is overshadowing otherwise feeble market fundamentals. This could continue for so long as the fear premium is maintained by turbulent external … the importance of sustained investment offtake as a key catalyst for gold prices to remain high given the other not-to-be-taken-lightly components of the market (mine supply, [especially] scrap supply, and primary fabrication demand). …
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