Gold Price Forecast: XAUUSD remains prone to further downside – TDS Gold XAUUSD Banks
sees a negative start to the week. The yellow metal sees more downside, in the view of strategists at TD Securities. “We see evidence that the steepest outflows from broad commodity funds since the COVID-19 crisis may be catalyzing a series of cascading liquidations from various speculative groups. This is particularly concerning for gold prices given the extremely bloated length remaining in gold markets from proprietary traders.
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