ANZ: Reason to be optimistic about the outlook for gold

On September 4th, Jinshi Data reported that the research team at ANZ Bank wrote in a report that due to the strengthening of the US dollar, the demand for gold from investors has decreased, and the overnight gold price is under pressure, falling below the key level of $2500 per ounce. However, analysts at the bank pointed out that as traders continue to increase their exposure to gold, there is reason to be optimistic about its prospects. According to CFTC Holdings data, net long positions in gold futures are at a four-year high.

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