History shows that if gold is in a bullish phase, then COT report is meaningless.
Gold prices are trading near support zone of $1,450-$1,440.
It is small investors who haven’t lost their appetite for gold and who are still long.
US-China trade deal talks are progressing well and they might lift the existing tariffs.
Expect silver price to more than double in the next 2-3 years.
Central banks have no choice but to cut rates and start bond buying to keep markets afloat.
The dollar’s current strength is because of the fall of the pound and euro.
Trump is also demanding a weaker dollar, which will be positive for gold prices.
Historically, gold has thrived during the era of rate cuts and easy liquidity.
The big question is should gold investors be worried if the stock market rallies?
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