bullish

Gold

Gold and Bitcoin Rallye & CTA Positioning Update

244 Views18 Mar 2024 20:34
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SUMMARY
  • Gold and Bitcoin prices both remain massively supported by easing financial conditions and a bunch of liquidity in the market.
  • While the Fed Funds Rate remains high at 5,5% - liquidity conditions in the market is what really matters for both safe haven assets.
  • Meanwhile, J.P. Morgan announced that gold is their number one pick in the commodities market. According to them, the price has room to rise towards $2.500.
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  • Gold and Bitcoin Rallye & CTA Positioning Update
    18 Mar 2024
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