QuantInsight Gold prices should be closer to $1,614 than $1,750 - Quant Insight
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"It looks like it's positioning and flow that have driven this rally, not macro fundamentals," he said. “Our modeling shows that macro fundamentals still matter," he said. Gold-backed exchange-traded funds have also highlighted a lack of bullish interest. As prices rallied, SPDR Shares Gold Shares saw its holdings fall by 4.6 tonnes.
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