Big investors anticipate higher gold prices
The dollar has been weakening since the beginning of the trading week. A reduction in investors' risk appetites favours gold prices (XAU/USD), which remain above the 200-day moving average. According to the US Commodity Futures Trading Commission (CFTC), net long positions in gold rose to a new six-month high. The opening of long positions as short positions are closed indicates that large investors are confident that the price of gold will continue to rise.
Why to trade with Libertex?
- access to a demo account free of charge
- technical assistance to the operator 5 days a week, 24 hours a day
- leverage up to 1:500
- operate on a platform for any device: Libertex and Metatrader 4 and 5
- no commissions for extractions in Latin America
Experience the excitement of trading!
Try our risk-free demo account
