bullish
Gold and Bitcoin Rallye & CTA Positioning Update
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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