“If you have a sharp decline in equities, you’d expect gold to come down with it…meaning that quite often people who are looking at the possibility of margin calls raise cash by selling their gold holdings,” said StoneX analyst Rhona O’Connell. Read...
“The underlying sentiment remains positive, and the election result, when we get it, is likely to be gold-friendly with a likely weakening dollar, fresh stimulus, rates in negative territory and a likelihood that the [Federal Reserve] will start buying longer-term...
In terms of Turkey’s additions it is not yet clear what proportion of that total included deposits from the domestic commercial banks, StoneX head of Market Analysis for EMEA and Asia regions Rhona O’Connell said on Tuesday. Read more
The fact that gold did not move still higher when Sino-U.S. tensions escalated over the weekend signaled that most of the tailwinds were priced in,” said StoneX analyst Rhona O’Connell in a note. Read more
