Analysts at TD Securities, TDS, explained that President Trump’s decision to weigh-in on Fed policy is bullish for gold. Key Quotes: “USD optimism, trade and EM angst have prompted investors to shun gold, dragging net positioning near the lower bound as money managers hold excessive shorts and are significantly underweight. We enter a long position at $1228, targeting a move to $1280, as a weaker USD and reversal in positioning should buoy the yellow metal.” “President Trump doubled down on his criticism of Fed policy in a series of tweets that weighed on the USD and saw the Treasury curve bear-steepen, with 2s10s widening by 5 bps. Canadian rates underperformed across the front-end and belly. Equities also closed the week on a soft note, with the TSX down 0.7% while US indices edged lower by 0.1% on the day.” FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next Weekend headlines: Brexit plan proposal rejected by EU & G20 risks to growth heightened due to trade and geopolitical tensions FX Street 5 years Analysts at TD Securities, TDS, explained that President Trump's decision to weigh-in on Fed policy is bullish for gold. Key Quotes: "USD optimism, trade and EM angst have prompted investors to shun gold, dragging net positioning near the lower bound as money managers hold excessive shorts and are significantly underweight. We enter a long position at $1228, targeting a move to $1280, as a weaker USD and reversal in positioning should buoy the yellow metal." "President Trump doubled down on his criticism of Fed policy in a series of tweets that weighed on the USD and saw the Treasury curve… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
