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Main » 2015 » December » 3 » How much gold will fall?
11:12
How much gold will fall?
 
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Hedge managers are no longer wondering whether to raise rates in December FED or not. They will surely put on maximum drop of yellow metal - based on AMarkets.

 

AMarkets

 

Betting on falling gold reached a large amount - funds set up much like a bear.Speculators increased their shorts in gold to 14,655 contracts (futures and options on the metal) in the week that ended November 24 - the maximum amount of short positions on the metal since 2006 (the year when we started to keep statistics). Hedge managers are not the only "bears" in the market. Investors investing in cash ETF, whose trade is tied to gold, withdrawal of capital from these ETF eight sessions in a row (on Monday). As a result, the volume of investments fell to the lowest 2009. In the current year of the ETF, tied to gold, it was withdrawn around $ 10 billion.


The forecast for gold by Goldman Sachs Group Inc. - $ 1,050 in 6 months and $ 1,000 a year (from the report of 18 November). Citigroup predicts that next year, gold will test the $ 995 mark on a background of a strong dollar and demand for risky assets and bonds from investors.

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